Forex loss in Tax Laws : Evil Lurks

CA S.SAIRAM , Last updated: 13 September 2010  
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Our Income Tax law leaves the method of accounting to be desired by the assessee. The insistence is only on the consistency of the method of accounting employed over substantial number of years. Any claim of deduction towards Business expenditure is allowed based on the cash basis or accrual or hybr

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CA S.SAIRAM
(IFRS Consultant)
Category Income Tax   Report

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