Premium for hedging foreign exchange fluctuations on loans - ...

Hedging Premium for FX Fluctuations on Loans Deemed Capital Expenditure, Eligible for Depreciation u/s 43A.

October 30, 2020

Case Laws Income Tax HC

Premium for hedging foreign exchange fluctuations on loans - capital expenditure u/s 43A - depreciation claim - It cannot be said that the loan borrowed in Foreign currency is not even remotely connected with the cost of the asset when it is an admitted position that the loan was borrowed for acquiring a capital asset. Therefore, the assessee cannot be put to disadvantage on both grounds. - HC

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Premium for hedging foreign exchange fluctuations on loans - ...

Hedging Premium for FX Fluctuations on Loans Deemed Capital Expenditure, Eligible for Depreciation u/s 43A.

October 30, 2020

Case Laws Income Tax HC

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