23 October 2013
Sir I want to know if we are doing business in usa but account maintain in india. so in which currency we should maintain a/c, india or usa, if we maintain in usa then there will be currency fluctuation. please suggest me.
23 October 2013
if you are liable to tax in India (i.e. Resident or Indian company), then you have to maintained books of accounts in INR taking effects of currency fluctation
CAclubindia
