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Foreign Exchange Fluctuation

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(Querist)
27 October 2009 What is the treatment of Foreign Exchange Loss/Gain under Income Tax Act and Companies Act?
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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
27 October 2009 See page 6 in the first link

http://www.deloitte.com/assets/Dcom-Global/Local%20Assets/Documents/dtt_tax_worldtaxadvisor_090522.pdf

http://www.itatindia.com/Datafolder/flash/Flashbn9-4-09_2.htm

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