Hedging Loss on FC Forward Contract not Speculation Loss

Ajay Agrawal , Last updated: 17 June 2013  
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TAX FLASH: CIT v Friends And Friends Shipping Pvt Ltd. - Gujarat High Court S. 43(5): Loss on foreign currency forward contracts by a manufacturer/ exporter is a hedging loss and not a speculation loss FACTS OF THE CASE The assessee is an exporter had entered into forward

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Ajay Agrawal
(CA Practice )
Category Income Tax   Report

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