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foreign exchange

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(Querist)
17 May 2009 My client have incurred a loss due to foreign exchange fluctuation due to cancellation of forward contracts. So can I show that loss in extra ordinary item
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Deepak Agrawal

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Deepak Agrawal (Expert)
18 May 2009 No...

the loss is in course of ordinary business. So it will be under head "Loss due to foreign exchange fluctuation"

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