Foreign exchange fluctuation Whether Taxable

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 February 2011 one of our client received share application money form foregin in dollors.....
he incurred some gain on receipt of the amount whether it is taxable.....

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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05 February 2011 LINK IS :-

http://www.forum4finance.com/2010/05/04/eefc-ac-foreign-exchange-fluctuation-and-interest-not-eligible-us-80hhc/

http://www.rbi.org.in/scripts/FEMA_FAQs.aspx

http://www.rbi.org.in/scripts/FAQForex.aspx

http://www.delhidistrictcourts.nic.in/apr2005/MAHESH_NATHANI_VS_SIR_EDWARD_DUNLOP_HOSPITAL.htm

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