Unrealised foreign exchange loss allowed for mat

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Ramesh (Querist)
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02 February 2012 Dear All,
Please advise whether the amount of Unrealised foreign exchange loss to be added back to profit for the purpose of calculation of MAT.
Thanks and warm regards,
Ramesh

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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02 February 2012 Whether unrealised Forex Loss has been recognised in accordance with the AS-11?

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If, yes, it is to be debited to P&L A/c and Book Profit arrived as such, does not require any adjustment.
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