Hello Everyone,
Please let me know the treatment of unrealised Foreign exchange fluctuation in tax.
As per 43A we can add/ less the concerned fluctuation to the capital asset. But what about the realised gain/loss?
can we dedudt the loss from profit while computing taxable profit.?
Thanks in advance..
Just a correction.
The question is not getting edited hence updating in reply.
Please confirm and correct me (if i am wrong) on the following treatment :
Realised loss on Capital assets - 43 A - Can be capitalised.
Unrealised loss on capital assets - dedected while computing taxable profit.
CAclubindia
