Exchange rate difference
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 September 2011
Is exchange rate difference an allowable expenses in income tax or should it be added back to the profit??
Kumar Babu.G
(Expert)
06 September 2011
It is an allowable expenditure U/s 37,since there is no specific disallowance under any section of Income Tax Act.
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