Friday, January 31, 2020

Loss on revaluation of trading stock on marked to market basis is notional loss not allowable as deduction

INCOME TAX: Loss on revaluation of trading stock of Interest Rate Swaps (IRS) on market to market basis is only notional loss/revaluation and is not allowable as deduction

from www.taxmann.com Latest Case Laws https://ift.tt/2GDg4TZ
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