https://www.taxtmi.com/article/detailed?id=17707 As at October 2026, foreign exchange transactions are governed by FEMA and RBI directions. Hedging with authorised dealers generally requires genuine underlying exposure, supported by contracts and invoices. Export proceeds must be realised within the period prescribed by RBI, with EDPMS and softex reconciliations monitored to avoid caution listing. Exchange differences on monetary items are accounted for under Ind AS 21 or AS 11, and hedge accounting choices should be documented. en-us Fri, 06 Nov 2026 08:30:05 +0530 Fri, 06 Nov 2026 08:30:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17707 As at October 2026, foreign exchange transactions are governed by FEMA and RBI directions. Hedging with authorised dealers generally requires genuine underlying exposure, supported by contracts and invoices. Export proceeds must be realised within the period prescribed by RBI, with EDPMS and softex reconciliations monitored to avoid caution listing. Exchange differences on monetary items are accounted for under Ind AS 21 or AS 11, and hedge accounting choices should be documented. Articles Accounting - Auditing Fri, 06 Nov 2026 08:30:05 +0530 https://www.taxtmi.com/article/detailed?id=17707