Query regarding Form 23ACA
This query is : Resolved
Guest
Guest
(Querist)
09 November 2009
II. Financial parameters - Profit and loss account items (Amount in rupees)
Field 3. *Income in foreign currency
Whether this field is meant for the 'INFLOW OF FOREIGN REMITTANCE' or 'INCOME IN FOREIGN CURRENCY'.
In my case,
I have uploaded the Form 23ACA wherein I have mentioned as '0' in the field 3 as above. (even though, the company has received foreign remittance say Rs.55 Lacs, which is towards the subscription of shares and not towards income).
Experts' may confirm whether my understanding is in order for mentioning '0' in the field 3, keeping in view the fact of foreign remittance received.
Field 3. *Income in foreign currency
Whether this field is meant for the 'INFLOW OF FOREIGN REMITTANCE' or 'INCOME IN FOREIGN CURRENCY'.
In my case,
I have uploaded the Form 23ACA wherein I have mentioned as '0' in the field 3 as above. (even though, the company has received foreign remittance say Rs.55 Lacs, which is towards the subscription of shares and not towards income).
Experts' may confirm whether my understanding is in order for mentioning '0' in the field 3, keeping in view the fact of foreign remittance received.
10 November 2009
Sir
Your understanding is in order. U may show only the income in foreign currency in that field..
Your understanding is in order. U may show only the income in foreign currency in that field..
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