21 May 2015
what are the tax implication on the below entry
1 director had gone to US for work and all the expenses were reimbursed at a later date and the conversion rate for $ to ₹ was on the date of reimbursement so what to do for profit of loss on exchange fluctuation? In Accounts and tax
21 May 2015
when the bills are of earlier date.. and the director had paid accordingly... then why u wil make payment to director as of date's exchange rate... its just reimbursment expenses dear
21 May 2015
that was i m saying... for out of pocket expenses which have been already incurred by director... i think exchange rate flucutation wil not b here...
CAclubindia
