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Exchange rate difference

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 September 2011 Is exchange rate difference an allowable expenses in income tax or should it be added back to the profit??
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Kumar Babu.G

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Kumar Babu.G (Expert)
06 September 2011 It is an allowable expenditure U/s 37,since there is no specific disallowance under any section of Income Tax Act.

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