MTM Loss Disallowance - Another opportunity to revisit

CA S.SAIRAM , Last updated: 26 August 2013 Share Follow on Google News

Derivative losses or Mark to Market losses are known to be unreal or notional and hence the taxman hates giving deduction for them. The focus seems to be on distinguishing oneself from the accounting law makers and this cannot be denied when referring to umpteen cases where the books of accounts

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CA S.SAIRAM
IFRS Consultant

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Myself a B.COM,ACA from 2005. Passed IFRS,Valuation certification (issued by ICAI) and forensic course of IFS. Engaged asIFRS Consultant for an Australian firm. . Great feeling to make friends through this channel. The feedbacks that i received formy articles is encouraging and i sincerely thank our friends fo .. Read more

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MTM Loss Disallowance - Another opportunity to revisit

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