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.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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10 November 2009 Sir
Your understanding is in order. U may show only the income in foreign currency in that field..

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