![Forex dealers paid Cash for Purchase of Foreign Currency can be exempt as per 6DD(l): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Forex-dealers-foreign-currency-ITAT-taxscan.jpeg "Forex dealers paid Cash for Purchase of Foreign Currency can be exempt as per 6DD(l): ITAT [Read Order]")
Forex dealers paid Cash for Purchase of Foreign Currency can be exempt as per 6DD(l): ITAT [Read Order]
The cash paid by the forex dealers for the purchase of foreign currency can be exempt as per 6 DD(1) of the Income Tax Act,1961, the Chennai bench of...
![No Income Tax on Transfer of NFT: CBDT notifies Exclusion of Non-Fungible Token as Virtual Digital Asset [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Transfer-of-NFT-NFT-CBDT-Non-Fungible-Token-Virtual-Digital-Asset-taxscan.jpg "No Income Tax on Transfer of NFT: CBDT notifies Exclusion of Non-Fungible Token as Virtual Digital Asset [Read Notification]")
![Claim of Loss on Exchange Fluctuation in Current Assets and Liabilities allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Claim-of-loss-exchange-fluctuation-current-assets-liabilities-ITAT-Taxscan.jpeg "Claim of Loss on Exchange Fluctuation in Current Assets and Liabilities allowable: ITAT [Read Order]")
![Loss arising out of Foreign Currency Term Loan as Capital Loss, Depreciation allowed on Cost of Asset including Forex: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/foreign-currency-capital-loss-depreciation-asset-forex-ITAT-Taxscan.jpeg "Loss arising out of Foreign Currency Term Loan as Capital Loss, Depreciation allowed on Cost of Asset including Forex: ITAT [Read Order]")
![Foreign Exchange Derivative Losses can be allowed for Deduction as it is Notional Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Foreign-exchange-derivative-losses-deduction-notional-loss-ITAT-Taxscan.jpeg "Foreign Exchange Derivative Losses can be allowed for Deduction as it is Notional Loss: ITAT [Read Order]")
No evidence of Payment in Foreign Currency to Foreign Personnel: CESTAT deletes Order imposing Service Tax under RCM [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has deleted an order passed by the service tax department imposing tax on Fox Conn India for non-payment of tax...
![No evidence of Payment in Foreign Currency to Foreign Personnel: CESTAT deletes Order imposing Service Tax under RCM [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/foreign-currency-CESTAT-Service-Tax-RCM-taxscan.jpg "No evidence of Payment in Foreign Currency to Foreign Personnel: CESTAT deletes Order imposing Service Tax under RCM [Read Order]")
Foreign Currency is not a ‘Commodity’ to invoke provisions relating to Speculative Transactions: ITAT grants Relief to Lifestyle International [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while granting the relief to Lifestyle International ruled that the Foreign Currency is not a ‘commodity’ to invoke provisions relating to...
![Foreign Currency is not a ‘Commodity’ to invoke provisions relating to Speculative Transactions: ITAT grants Relief to Lifestyle International [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Foreign-Currency-commodity-Speculative-Transactions-ITAT-Lifestyle-International-Taxscan.jpeg "Foreign Currency is not a ‘Commodity’ to invoke provisions relating to Speculative Transactions: ITAT grants Relief to Lifestyle International [Read Order]")
![18% GST on Commission Income from Japan in Foreign Currency on Selling of Machinery: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/GST-on-commission-income-from-Japan-foreign-currency-Selling-of-machinery-AAR-Taxscan.jpg "18% GST on Commission Income from Japan in Foreign Currency on Selling of Machinery: AAR [Read Order]")
Bonafide Export of Foreign Currency without Permission of RBI: CESTAT releases confiscated Currency imposing Fine [Read Order]
The Customs, Excises, Service Taxes Appellate Tribunal (CESTAT), Ahmedabad Bench while releasing confiscated Currency by imposing Fine held that the bonafide export of foreign currency was without...
![Bonafide Export of Foreign Currency without Permission of RBI: CESTAT releases confiscated Currency imposing Fine [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Bonafide-Export-of-Foreign-Currency-RBI-CESTAT-confiscated-Currency-Fine-Taxscan.jpg "Bonafide Export of Foreign Currency without Permission of RBI: CESTAT releases confiscated Currency imposing Fine [Read Order]")
![RBI now empowered to restrict Export or Import of Currency [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/12/RBI-import-of-currency-Foreign-Currency-Taxscan.jpg "RBI now empowered to restrict Export or Import of Currency [Read Notification]")
![CBDT issues clarification on TDS from Salaries during FY 2020-21 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/12/CBDT-TDS-Salaries-FY-2020-21-Taxscan.jpg "CBDT issues clarification on TDS from Salaries during FY 2020-21 [Read Circular]")