banner_ad

Foreigh consultancy earnings.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 August 2009 If someone is providing consultancy services to outside india and receiving the fees in dollar.
But my question is that if invoice are issued to the clients also in foreign currency .Then what shall be the treatment of difference between currency fluctuation between the date of issue of invoice and receipt of $ while calculating PGBP?
Profile Image

MAHENDRA KUMAR BAGRECHA

Profile Image

MAHENDRA KUMAR BAGRECHA (Expert)
10 August 2009 As per AS 11 that difference will be credited to or debited to foreign exchange gain/loss a/c
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details