Easy Office
LCI Learning

Taxable

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 January 2014 let say i have given loan to Mr. X for $50000 on 1st feb, that time $ rate was 55. On 31st march if $ rate is 60 then it is mandatory for me to increase my income by 50000(60-55) i.e. Rs. 250000 ???
Profile Image

R.S..

Profile Image

R.S.. (Expert)
23 January 2014 Dear Naveen, the forex gain would be a capital receipt. It won't be added to your income.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links