This is regarding s.43A
It is provided that, exchange rate fluctuations shall be capitalised to the cost of the asset in the previous year in which the loan is repaid.
If I pay the loan in say, 3 equal annual installments and I capitalise the exchange loss in year 1 & in the subsequent year there is a gain, what will be the treatment of this gain?
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Foreign Exchange Fluctuations-Sec.43A
Replies (1)
I think you can reduce it from the cost.
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