Unrealised gain and loss
This query is : Resolved
11 February 2014
what is treatment under Income Tax Act of -Unrealised gain or loss (notional) entry made in books as per AS 11.
Is it allowable u/s 37..?? or it will be added back to profit for deriving PGBP income...?
11 February 2014
except unreliaised gain or loss on assets, income or exp is booked in p & l account.
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