Exchange Rate Fluctuations Recognized on Accrual Basis; Accounted in Year of Occurrence, Not Repayment Year.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Whether the loss/gain arising on fluctuation of exchange is allowable as deduction/additions in the year of fluctuation of exchange rate or whether the same could be allowed only in the year of repayment - claim allowed on accrual basis - AT....




TaxTMI
TaxTMI