Expenditure incurred in foreign currency

4026 views 1 replies

 An indian company has been promoted by non-resident indians. The promoters outside India have incurred certain expenses ( conferencing equipement, Fridge) and have claimed the expenses as remibursement. The amounts are paid in indian rupees and credited to their account with a bank in India. The following queried may be answered.

When the company does not have an office outside India, is it advisable to account the office equipments like conferencing equipement, notebook and fridge.

When the amount is reimbursed in indian rupees, how about the disclosure pertaining to ' expenses incurred in foreign currency'

Replies (1)
Dear Sir, One company paid Rs. 20,00,000/- to foreign person in respect of services rendered by him. My doubt is it is amounts expenditure incurred in foreign currency or not?. How this amount shown in the books. Please reply me.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details