Hedging premium
This query is : Resolved
santhosh kumar
(Querist)
19 October 2011
As per AS-11 Hedging premium will be amortised over period of contract. MY QUESTION IS how hedging premium will be treated in income tax calculation.whether that premium will be allowed or not.
CA Navin Jain
(Expert)
19 October 2011
Yes, hedging premium will be allowed in income tax calculation on the accrual basis
CA Ravi Sisodia
(Expert)
19 October 2011
agreed, hedging premium allowed in income tax in time ratio.
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