Easy Office
LCI Learning

Unrealised foreign exchange loss allowed for mat

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 February 2012 Dear All,
Please advise whether the amount of Unrealised foreign exchange loss to be added back to profit for the purpose of calculation of MAT.
Thanks and warm regards,
Ramesh
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
02 February 2012 Whether unrealised Forex Loss has been recognised in accordance with the AS-11?

.

If, yes, it is to be debited to P&L A/c and Book Profit arrived as such, does not require any adjustment.
.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links