Hi CAs,
i need clarification regarding mark to market . whether the Gain / Loss on Mark to Market concept is allowed as deduction under Income tax act.
3 Replies
CA Devanshi Gandhi (Ajani)
(FCA DISA Mcom CIFRS & LLB)
(9060 Points)
Replied 23 June 2009
it will be profit or loss its not a expense
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