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As10

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free lance
136 Points Posted on 16 September 2015
dear experts. I paid USD 1lakh dollar for import of fixed assets on a particular date assume the ex.rate 65. and I recd the material on some other day and the ex.rate 64. and I paid inr 200000 for clearing charges. what is the amount to be capitalized refer with AS10 para. regards tonyja
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On 16 September 2015 at 16:58 Report
Replies (9)
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Asst Mgr-Taxation
6918 Points Posted on 16 September 2015

capitalise 1 lac dollar @ R65/usd +clearing charges 200000

 

18 Reply
On 16 September 2015 at 17:37
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article
107 Points Posted on 16 September 2015
Amount to be capitalized is Rs.67,00,000
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On 16 September 2015 at 20:27
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Student CA IPC / IPCC
37 Points Posted on 16 September 2015
Yaa I agree with sir Amount Capitalise is6700000
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On 16 September 2015 at 23:00
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student
48 Points Posted on 17 September 2015
Iam also agree with above answers
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On 17 September 2015 at 08:15
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ICMA Final Student
147 Points Posted on 17 September 2015
And the difference to be taken as difference inexchange rate rit??
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On 17 September 2015 at 09:25
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partner
77 Points Posted on 17 September 2015
Iagree with ca Vksreejesh Ca pvvittal
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On 17 September 2015 at 15:18
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Chartered Accountant
47 Points Posted on 17 September 2015
No exchange difference to be accounted
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On 17 September 2015 at 16:37
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Analyst
252 Points Posted on 18 September 2015
Yes no exchange difference to be accounted.
3 Reply
On 18 September 2015 at 08:00
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free lance
136 Points Posted on 18 September 2015
Thank you everyone for valuable input
1 Reply
On 18 September 2015 at 23:54


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