tax on capital recioept
This query is : Resolved
15 June 2010
amount earned by way of changes in foriegn currency exchange rates while importing a
machinery from outside India. whether taxable or not?
machinery from outside India. whether taxable or not?
15 June 2010
It is need to be adjusted with the Machinery and not taxable
16 June 2010
According to my knowledge if any exchange difference arise while importing assets then rate difference should adjusted in amount of fixed assets and after that if any gain or loss accured then transfer to profit and loos a/c
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