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(Querist)
17 November 2011 Plz tell me whether Foreign exchange fluctuation gain/loss has any impact while calculating book profit for MAT??
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CA SUMiT PATWARi

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CA SUMiT PATWARi (Expert)
17 November 2011 Curently it does not have any impact.

However, once DTC comes into effect unrealised exchange gain/losses will be required to be adjusted with profits.
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
17 November 2011 Agree With Sumit
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