Foreigh consultancy earnings.
This query is : Resolved
09 August 2009
If someone is providing consultancy services to outside india and receiving the fees in dollar.
But my question is that if invoice are issued to the clients also in foreign currency .Then what shall be the treatment of difference between currency fluctuation between the date of issue of invoice and receipt of $ while calculating PGBP?
But my question is that if invoice are issued to the clients also in foreign currency .Then what shall be the treatment of difference between currency fluctuation between the date of issue of invoice and receipt of $ while calculating PGBP?
10 August 2009
As per AS 11 that difference will be credited to or debited to foreign exchange gain/loss a/c
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Tds on building rent monthly
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
