Hello Frnds,
My question is related with Capital Gain That whether acquiring one currency by selling another currency is Transfer of Capital Asset ? Will Capital gain be Taxable ?
4 Replies
CA Piyush Jhawar
(Chartered Accountant)
(545 Points)
Replied 17 August 2014
No currency is not covered under the definition of capital asset under 2(14).
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 17 August 2014
no it is not taxable
Gagan Deep Singh
(CHARTERED ACCOUNTANT)
(1190 Points)
Replied 17 August 2014
Exchanging currency from authorised dealer have no tax implication
Recent Topics
- REGARDING GSTR-9 F.Y 2023-24
- Hs news agency from desh to an
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
Related Threads
CAclubindia
