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Tax credit benifit

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 November 2011 Is it applicable to avail the credit(Any Tax Benifit) of loss occured due to foreign fluctuation ?
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chandan

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chandan (Expert)
24 November 2011 there is no dispute on actual forex losses, howver issue may arise on notional loss for e.g reistatement of forex account on 31March. Any loss thereof may be disallowed,
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 November 2011 Thanks For Your Reply Sir.
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