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As10
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
Replies (9)
capitalise 1 lac dollar @ R65/usd +clearing charges 200000
Amount to be capitalized is Rs.67,00,000
Yaa I agree with sir Amount Capitalise is6700000
Iam also agree with above answers
And the difference to be taken as difference inexchange rate rit??
Iagree with ca Vksreejesh
Ca pvvittal
No exchange difference to be accounted
Yes no exchange difference to be accounted.
Thank you everyone for valuable input
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