Since section 43A is applicable for a foreign currency liability in respect of an asset acquired from a country outside India, then how the exchange difference is recognised in case of a foreign currency liability for purchase of an asset in India.

Since section 43A is applicable for a foreign currency liability in respect of an asset acquired from a country outside India, then how the exchange difference is recognised in case of a foreign currency liability for purchase of an asset in India. https://www.taxtmi.com/tmi_notes?id=341 Since section 43A is applicable for a foreign currency liability in respect of an asset acquired from a country outside India, then how the exchange difference is recognised in case of a foreign currency liability for purchase of an asset in India. en-us Wed, 30 Aug 2017 14:27:00 +0530 Wed, 30 Aug 2017 14:27:00 +0530 TaxTMI RSS Generator Since section 43A is applicable for a foreign currency liability in respect of an asset acquired from a country outside India, then how the exchange difference is recognised in case of a foreign currency liability for purchase of an asset in India. https://www.taxtmi.com/tmi_notes?id=341 Since section 43A is applicable for a foreign currency liability in respect of an asset acquired from a country outside India, then how the exchange difference is recognised in case of a foreign currency liability for purchase of an asset in India. Notes Income Tax Wed, 30 Aug 2017 14:27:00 +0530 https://www.taxtmi.com/tmi_notes?id=341