Difference in Exchange

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Audit assistant
36 Points Posted on 22 July 2011

Hello....

For Income Tax Purpose,

What is the Treatment of Difference in exchange?Can we claim deduction?

 

 

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On 22 July 2011 at 14:33 Report
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glidor@gmail.com
21068 Points Posted on 22 July 2011

for business payments received in forex. its forex diff amount to be claimed as business expenditure ( gains in case of positive diff)

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On 22 July 2011 at 16:34

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