Suggest Income Tax Treatment on the following Transaction which are shown as other operating income on P &L credit side (as per IND AS)
1.Gain on Fair value of Investment in mutual fund
2. Gain on Ex. Rate difference regarding capital expenditure
Menu
Business & Profession computation
Replies (4)
Gain on fair value on investment reduce in normal coi no impact in mat and gain on exchange rate difference reduce from normal coi no impact in mat and forex gain on fixed assets to be reduced from fixed assets as per section 43A
How to reduce business income as exempt income or other head income?
As exempt income under no.5a 5b or 5c reduce and disclose in schedule exempt income
Thanks jayeshbhai
Mehul Patel 9998068545 at Ahmedabad
Mehul Patel 9998068545 at Ahmedabad
Recent Threads
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
