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Loss incurred under forward exchange contracts was allowable business exp. as it wasn’t a speculative loss
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Corporate Tax
Loss incurred under forward exchange contracts was allowable business exp. as it wasn’t a speculative loss
Posted on
on
June 28, 2017
Tenet Tax Daily June 22 2017
By
tenettax-team
Corporate Tax
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Reimbursement of travel exp. to NR for its employee deputed in India providing technical assistance wasn’t ‘FTS’
Matter remanded to decide whether sum paid to Singaporean Co. for providing advice & guidelines was taxable in India