Taxable
This query is : Resolved
22 January 2014
let say i have given loan to Mr. X for $50000 on 1st feb, that time $ rate was 55. On 31st march if $ rate is 60 then it is mandatory for me to increase my income by 50000(60-55) i.e. Rs. 250000 ???
23 January 2014
Dear Naveen, the forex gain would be a capital receipt. It won't be added to your income.
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