What is the treatment of foreign exchange loss or gain on other than capital assets under income tax act?
What is the treatment of foreign exchange loss or gain on other than capital assets under income tax act?
it will be entered in p&l account.....and allowable one
but under which section it is deductible?
i think it is deductible under sec 37 i.e. general deductions,rest i m not sure
but it is allowable one that is confirmed to me..........
thanx
CAclubindia
