Sir,
I would like to know in an example the treatement for the exchange loss.
if a person purchased goods for 2000$ (rs. 1,10,000/-) in february 2013 wen the dollar rate was rs. 55/- per $ and the dollar rate was rs. 60/- per dollar on 31st march,2013. the payment was made in august 2013, for 1000$ wen the rate was rs. 65/- per dollar and paid the amt of rs 65,000/- wat should be the accounting entry for loss on foreign exchange. and the balance payment for 1000$ was done in december 2013 wen the dollar rate is rs.70/- per dollar pls provide me the entry to be passed for the exchange loss as on 31st march 2013. and effect of the entry in books before filing of return and after filing of returns. pls provide me with some supportings as well.
thx and regards,
vinay makhija.

Dear sir i want to know depreciation rate of the f.y. 12-13 as per below details

Inverter battery
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Water Purifier
Internet Modem
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