Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC

Clipped from: https://www.taxscan.in/loss-on-forex-fluctuations-on-forward-contracts-are-deductible-u-s-371-of-income-tax-act-delhi-hc/236418/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Loss%20on%20Forex%20fluctuations By Navasree A M – On December 20, 2022 6:12 pm In a recent ruling of Delhi High Court (HC) of Justice Vibhu Bakhru and Justice

Transfer of Monetary Proceeds without underlying Import of Services are liable to IGST under RCM: AAR

Clipped from: https://www.taxscan.in/transfer-of-monetary-proceeds-without-underlying-import-of-services-are-liable-to-igst-under-rcm-aar/236499/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Transfer%20of%20Monetary By Manu Sharma A S – On December 21, 2022 10:36 am The Maharashtra Authority for Advance Ruling (AAR) has recently ruled that the transfer of

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