https://www.taxtmi.com/acts?id=49040 Capitalisation of foreign exchange fluctuation requires that variations in liability from exchange-rate changes on payment for an asset in foreign currency be computed as A = B - C (B: amount paid in Indian currency during the tax year; C: liability in Indian currency at acquisition) and added to or deducted from the actual cost of the asset, capital expenditure, or cost of acquisition; where an authorised dealer contract fixes a future exchange rate, the portion available to discharge the liability is computed with reference to that rate. en-us Fri, 14 Feb 2025 16:25:09 +0530 Tue, 26 Aug 2025 15:37:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49040 Capitalisation of foreign exchange fluctuation requires that variations in liability from exchange-rate changes on payment for an asset in foreign currency be computed as A = B - C (B: amount paid in Indian currency during the tax year; C: liability in Indian currency at acquisition) and added to or deducted from the actual cost of the asset, capital expenditure, or cost of acquisition; where an authorised dealer contract fixes a future exchange rate, the portion available to discharge the liability is computed with reference to that rate. Act-Rules Bills Fri, 14 Feb 2025 16:25:09 +0530 https://www.taxtmi.com/acts?id=49040