https://www.taxtmi.com/acts?id=32231 Section 43AA treats gains or losses from changes in foreign exchange rates as income or loss, subject to section 43A. Their computation must follow the notified income computation and disclosure standards. The framework applies to foreign currency transactions involving monetary and non-monetary items, translation of financial statements of foreign operations, forward exchange contracts, and foreign currency translation reserves. en-us Wed, 28 Mar 2018 14:53:42 +0530 Mon, 07 Sep 2026 14:26:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32231 Section 43AA treats gains or losses from changes in foreign exchange rates as income or loss, subject to section 43A. Their computation must follow the notified income computation and disclosure standards. The framework applies to foreign currency transactions involving monetary and non-monetary items, translation of financial statements of foreign operations, forward exchange contracts, and foreign currency translation reserves. Act-Rules Income Tax Wed, 28 Mar 2018 14:53:42 +0530 https://www.taxtmi.com/acts?id=32231