28 April 2009
We hv imported few machinary during the year 2008-09 for which we have not paid till 31.3.2009.so as per Revised AS-11 (MCA notification dt.31.3.2009 G.s.R 225(E))we hv added the exchange difference to asset on 31.3.2009. can we charge depreciation on exchange fluctuation amount? Kindly advice on the above issue.
CAclubindia
