Hello Everyone!
Can anyone please guide on which exchange rate is to be considered for income tax purpose for expense incurred in foreign currency and payment also made from EEFC account.
3 Replies
Dipesh Jha
(PRACTICE )
(673 Points)
Replied 26 June 2019
take spot rate on which payment was made😊
MANISHA KOTAK
(Service)
(44 Points)
Replied 26 June 2019
can you please provide rule or section of the act?
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