Tag Archives: Market to market loss

Market to market loss on derivatives allowed as deduction under section 37(1)

By | October 3, 2015

There is no requirement to deduct tax at source from payments made to NSE/BSE towards VSAT charges and lease line charges under section 194J Market to market loss on derivatives could not be treated as contingent liability and hence, same was to be allowed as deduction under section 37(1) IN THE ITAT MUMBAI BENCH ‘C’… Read More »