Please clarify whether renewal charges of loan will come under the finance cost.
Please explain applicable loss on foreign currency transactions and translation. whether it will come under finance cost.
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Schedule vi
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Impact of As 10 to be shown seperately otherwise it is finance cost
Guidance Note on Revised Schedule VI by ICAI:-
"Net exchange gain/loss on foreign currency borrowings to the extent
considered as an adjustment to interest cost needs to be disclosed
separately as finance cost"
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