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Forex gain/ Loss

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(Querist)
08 November 2010 hai,

Sale invoice rise march-25 for 100 USD amount not received upto march-31 in this sistuation how to create forex gain or loss provision.


regards,
Ramarao
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
08 November 2010 Debtor has to be valued on forex rate as at 31st March. any increase/ decrease to booked under foreign exchange rate variation a/c.
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taxindiaconnect

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taxindiaconnect (Expert)
08 November 2010 Agreed
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