whether exchange gain is taxable in india
This query is : Resolved
02 July 2010
we have a client in india, he sent 1.00 lac Rs. out side india as advance to a person, now this 1.00 lac Rs. return in india and my client gain due fluctuation in exchange rate.
my question is that if it is taxable then under which head it will be taxable,
kindly provide the solution with reference to section and subsection of law.
my question is that if it is taxable then under which head it will be taxable,
kindly provide the solution with reference to section and subsection of law.
02 July 2010
it should be taxable as other sourse
02 July 2010
as th receipt of income is in india
02 July 2010
dear prakash ji,
thank you for reply, can you refer me the respective section or subsection releted to this issue
thank you for reply, can you refer me the respective section or subsection releted to this issue
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Requirement of tax deduction at source by individual
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
