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Derivatives Loss

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(Querist)
01 October 2008 wheather derivatives loss can be adjusted against import purchases made during the year since underlining is hege for import purpose and what about mark to marked loss of Dervatives as on 31/3/2008
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
02 October 2008 It has to be separately shown as per standard.
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Venkat Rao Marella

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Venkat Rao Marella (Expert)
02 October 2008 NO, derivate losses cannot be adjusted. it should be seperate disclosure item.




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