Tax on mark to matket
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2012
Mark to Market is a hypothetical profit,it is not actual profit then how can it compute with respect to tax?
CA PARAS BAFNA
(Expert)
27 May 2012
M2M profit is not considered for taxation purpose as it's a notional profit.
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Profit can be taken on maturity of the contract.
.
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Profit can be taken on maturity of the contract.
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