MTM Loss Disallowance - Another opportunity to revisit

CA S.SAIRAM , Last updated: 26 August 2013  
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Derivative losses or Mark to Market losses are known to be unreal or notional and hence the taxman hates giving deduction for them. The focus seems to be on distinguishing oneself from the accounting law makers and this cannot be denied when referring to umpteen cases where the books of accounts

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Published by

CA S.SAIRAM
(IFRS Consultant)
Category Income Tax   Report

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