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Hedging premium

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(Querist)
19 October 2011 As per AS-11 Hedging premium will be amortised over period of contract. MY QUESTION IS how hedging premium will be treated in income tax calculation.whether that premium will be allowed or not.
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CA Navin Jain

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CA Navin Jain (Expert)
19 October 2011 Yes, hedging premium will be allowed in income tax calculation on the accrual basis
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
19 October 2011 agreed, hedging premium allowed in income tax in time ratio.
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