foreign exchange treatment
This query is : Resolved
05 June 2009
whether foreign exchange fluctuation treated as capital nature, on outstanding f.c.loan(long term) allowed as deduction under the provisions of income tax act? is it mandatory to book the f.c.difference on 31-03-2009?
05 June 2009
no it would be not allowed, however it would be adjusted in block os assets for the purpose of dep.
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