AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required

Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Taxation of foreign exchange fluctuation - (New) Section 43 / (Old) Section 43AA

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.... of change in foreign exchange rates on foreign currency transactions shall be treated as income or loss, as the case may be, and â€¢ shall be computed as per the income computation and disclosure standards (ICDS VI) notified under section 276(2). [ section 43(1) ] â€¢ The provisions of section 43(1) shall be applicable to all foreign currency transactions, includin....

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Taxation of foreign exchange fluctuation - (New) Section 43 / (Old) Section 43AA