https://www.taxtmi.com/acts?id=32231 Gains or losses from changes in foreign exchange rates are to be treated as income or loss and must be computed in accordance with the income computation and disclosure standards; this applies to all foreign currency transactions, including monetary and non monetary items, translation of foreign operations' financial statements, forward exchange contracts, and foreign currency translation reserves, subject to interaction with other special valuation provisions. en-us Wed, 28 Mar 2018 14:53:42 +0530 Wed, 27 Aug 2025 17:02:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32231 Gains or losses from changes in foreign exchange rates are to be treated as income or loss and must be computed in accordance with the income computation and disclosure standards; this applies to all foreign currency transactions, including monetary and non monetary items, translation of foreign operations' financial statements, forward exchange contracts, and foreign currency translation reserves, subject to interaction with other special valuation provisions. Act-Rules Income Tax Wed, 28 Mar 2018 14:53:42 +0530 https://www.taxtmi.com/acts?id=32231