Exchange rate applicable - customs vs rbi
Kindly clarify me the below query.
Here we are receiveing Shipper & CHA Invoices in that we see some USD and also exchange rate as per Customs Dept. Now my query can we consider this Customs exchange rate for our accounts or should we follow the exchange rate as per RBI as of Invoice date.
Will there be any issues by Income Tax Dept if we follow the Customs rate.
KIndly advise me what is the proper accounting procedure for such invoices on this regard and do needful
https://ghalla-bhansali.com/Downloads/Exchange%20Rates%20in%20Income%20Tax.pdf
I have tried many times this link what you have provided, I'm unable to access it.
Could you kindly send this PDF file to my e-mail ID vbvijayvk@rediffmail.com.
Please do needful Sir, I have many bills in hand to account.
Thanks & regards,
V B Vijay Kumar.
I have tried many times this link what you have provided, I'm unable to access it.
Could you kindly send this PDF file to my e-mail ID vbvijayvk@rediffmail.com.
Please do needful Sir, I have many bills in hand to account.
Thanks & regards,
V B Vijay Kumar.
I have tried many times this link what you have provided, I'm unable to access it.
Could you kindly send this PDF file to my e-mail ID vbvijayvk@rediffmail.com.
Please do needful Sir, I have many bills in hand to account.
Thanks & regards,
V B Vijay Kumar.
I have tried many times this link what you have provided, I'm unable to access it.
Could you kindly send this PDF file to my e-mail ID vbvijayvk@rediffmail.com.
Please do needful Sir, I have many bills in hand to account.
Thanks & regards,
V B Vijay Kumar.
I have tried many times this link what you have provided, I'm unable to access it.
Could you kindly send this PDF file to my e-mail ID vbvijayvk@rediffmail.com.
Please do needful Sir, I have many bills in hand to account.
Thanks & regards,
V B Vijay Kumar.
regards
Its not working. Could you please send the PDF file to my e-mail ID: vbvijayvk@rediffmail.com
Thanks & regards,
V B Vijay Kumar.
regards,
Click here to login now
Similar Resolved Queries
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Rental income of jointly held property
- Average Cost Of High Quality Diamonds
- Difff in ais receipts and gst turnover
- Banking Related Issue
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
