New MCA Not on Capitalisation of Ex gain/loss dated 29/12/11

Last updated: 02 January 2012

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Earlier notification dated 31/3/2009 issued by MCA and further amended on 11/05/2011 is now amended again to extend the last date of such capitalisation till 31/03/2020 and to include the enterprises who did not earlier excersiced the option to capitalise the exchange gain / loss. Analysis of this notification : 1. Enterprise who have already excercised the option will have to continue the same till 31/3/2020. 2. Enterprise who did not earlier excercise the option can now excercise (such excercise to be irrevocable) from FY 11-12 onwards (not from 7th December, 2006 as mentioned in earlier notification) till 31/3/2020. 3. Many enterprises who didnot excercise the option will now think of going for it looking at the sharp devaluation of Rupee against other currencies. #pdf

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Submitted by Ankit Chandrakant Trivedi · Posted 02 January 2012 · Other files by Ankit Chandrakant Trivedi · Report

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