Section 43(5) Income Tax Act Exemption for FIIs on Derivative Losses in Securities Defined in Section 115AD.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Loss from derivative transactions - Section 43(5) has no application to FIIs in respect of “securities” as defined in Explanation to sec. 115AD, income from whose transfer is considered as short term or long term capital gains - AT....