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Hi Sir!
Here are some situation I very confused…
All unrealised loss is non deductible ?
All unrealised gain is non taxable?
Realised gain for trade and non trade both are non taxable?
Realised loss for trade is deductible but non trade is non deductible?
Am I correct?Advance thanks to you.
To be honest I’m not entirely certain what you are referring to – if you are discussing capital gains and losses then there are only realised gains and losses to be dealt with and they are netted off irrespective of whether on assets used in trade or on investment assets. If you have any example of your query please do let me know
Apologize for my mistake…The topic is under deductible expense from a business source which always starting with net profit before tax.The realised/unrealised gain/loss is about the foreign exchange.Im confused about it, can you please simply explain the concept to me?Thks~
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