Tag Archives: loss on Forex Derivative

loss on Forex Derivative can be set off

By | August 8, 2015

Question: Whether loss on Forex derivative can be set off against  business income ? Loss incurred by exporter on forex derivative wasn’t speculative; could be set off against other business income Where assessee, an exporter of garments, entered into forex derivative transactions through its bankers to hedge its foreign currency risk, loss incurred on such transactions… Read More »