https://www.taxtmi.com/acts?id=51574 Gains or losses from changes in foreign exchange rates on foreign currency transactions are to be treated as income or loss and computed as per the income computation and disclosure standards notified under the relevant provision, subject to a specified section; this applies to monetary and non-monetary items, translation of foreign operations' financial statements, forward exchange contracts, and foreign currency translation reserves. en-us Wed, 13 Aug 2025 18:52:55 +0530 Mon, 25 Aug 2025 11:24:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51574 Gains or losses from changes in foreign exchange rates on foreign currency transactions are to be treated as income or loss and computed as per the income computation and disclosure standards notified under the relevant provision, subject to a specified section; this applies to monetary and non-monetary items, translation of foreign operations' financial statements, forward exchange contracts, and foreign currency translation reserves. Act-Rules Income Tax Wed, 13 Aug 2025 18:52:55 +0530 https://www.taxtmi.com/acts?id=51574