Taxation of foreign exchange fluctuation.

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....uation. 43. (1) Subject to the provisions of section 42 any gain or loss arising on account of change in foreign exchange rates on foreign currency transactions shall be treated as income or loss, ....

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....oreign currency translation reserves. - Clauses 42 and 43 of the Bill provide for capitalising the impact of foreign exchange fluctuation and taxation of foreign exchange fluctuation at the time ....