Suggest Income Tax Treatment on the following Transaction which are shown as other operating income on P &L credit side (as per IND AS)
1.Gain on Fair value of Investment in mutual fund
2. Gain on Ex. Rate difference regarding capital expenditure
4 Replies
Jayesh Wadhwa
(16 Points)
Replied 20 November 2020
Gain on fair value on investment reduce in normal coi no impact in mat and gain on exchange rate difference reduce from normal coi no impact in mat and forex gain on fixed assets to be reduced from fixed assets as per section 43A
mehul patel
(article)
(213 Points)
Replied 20 November 2020
How to reduce business income as exempt income or other head income?
Jayesh Wadhwa
(16 Points)
Replied 20 November 2020
As exempt income under no.5a 5b or 5c reduce and disclose in schedule exempt income
mehul patel
(article)
(213 Points)
Replied 20 November 2020
Thanks jayeshbhai
Mehul Patel 9998068545 at Ahmedabad
Mehul Patel 9998068545 at Ahmedabad
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