Foreign exchange gain or loss in capital goods

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Sandeep (Querist)
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14 September 2011 In case of foreign exchange gain or losses the cost of amount capitalised will be added or deducted?

Bhaskaran Chackrapani Warrier (Expert)
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15 September 2011 Gain or loss has to be reduced / added to the cost of the respective asset for accounting as well as taxation purposes.

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