IS NOTIONAL GAIN/ LOSS ARISING UNDER AS.11 IS CHAREGABLETO TAX, IF YES THEN UNDER WHICH SECTION
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tax treatment of gain of as 11
Replies (2)
Notional gain or loss as per AS 11 should not be considered for tax purpose.
Dear Ashish,
Pls check the following threads having discussions on the same topic -
/forum/tax-on-unrealised-notional-foreign-exchange-gain-90183.asp
/forum/as-11-vs-it-act-and-companies-act-89816.asp
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