Writing off amount received in foreign currency
This query is : Resolved
08 November 2012
can we write off the amount received from foreign debtor, i,e advance received but less good exported.
is there in violation of law in writing off?
is there in violation of law in writing off?
Amol S Joglekar
(Expert)
08 November 2012
Offer it to income tax and then there is no violation.
Amol S Joglekar
(Expert)
11 November 2012
need to tell the amount in this transaction... if it is within the limit prescribed by RBI, for per year basis... then the permission is GENERALLY granted.
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