IS NOTIONAL GAIN/ LOSS ARISING UNDER AS.11 IS CHAREGABLETO TAX, IF YES THEN UNDER WHICH SECTION
Menu
tax treatment of gain of as 11
Replies (2)
Notional gain or loss as per AS 11 should not be considered for tax purpose.
Dear Ashish,
Pls check the following threads having discussions on the same topic -
/forum/tax-on-unrealised-notional-foreign-exchange-gain-90183.asp
/forum/as-11-vs-it-act-and-companies-act-89816.asp
Recent Topic
- Claiming Pre Possession Home Loan Interest
- Tax on Pension from EPFO
- Indexation of Sale of Property under New Regime
- TDS ON RENT BY TENANT
- Forward tax charge gst related
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
Related Topics
CAclubindia
