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foreign exchange gain
Foreign exchange gain from loan taken is capital or revenue? The loan is not yet paid! But we need to value because of goodwill valuation
Replies (3)
depends on several factors. You may refer to this link to see what fits your case
https://puneicai.org/wp-content/uploads/Chart-Loan-taken-in-Foreign-Currency.pdf
Standard - 11
(AS-11)2
, the outstanding foreign currency loan
is required to be translated into Indian Rupees
by applying the foreign exchange rate as on the
closing day of reporting period and the net
exchange difference resulting on such
translation is required to be recognised as
income or expense for the respective financial period.
(AS-11)2
, the outstanding foreign currency loan
is required to be translated into Indian Rupees
by applying the foreign exchange rate as on the
closing day of reporting period and the net
exchange difference resulting on such
translation is required to be recognised as
income or expense for the respective financial period.
Thank youu
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