IS NOTIONAL GAIN/ LOSS ARISING UNDER AS.11 IS CHAREGABLETO TAX, IF YES THEN UNDER WHICH SECTION
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 04 July 2010
Notional gain or loss as per AS 11 should not be considered for tax purpose.
Amir
(Learner)
(4016 Points)
Replied 05 July 2010
Dear Ashish,
Pls check the following threads having discussions on the same topic -
/forum/tax-on-unrealised-notional-foreign-exchange-gain-90183.asp
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