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ACCOUNTING TREATMENT FOR DIFFERENCE IN FOREIGN EXCHANGE RATES

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....CCOUNTING TREATMENT FOR DIFFERENCE IN FOREIGN EXCHANGE RATES<br> Query (Issue) Started By: - S.C. WADHWA Dated:- 14-9-2014 Last Reply Date:- 14-9-2014 Accounting - Auditing<br>Got 2 Replies<br>Compani....

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....es Law<br>A company imported machinery in month of Jan&#39;14 from Sinagpore and installed and put to use before 31/03/14 but payment for same was made in May&#39;14. Please advice how foreign exchan....

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....ge difference will be dealt with as on 31/03/14. Reply By Pradeep Khatri: The Reply: Dear S.C.Wadhwa, Please check AS-11 in this matter. Regards YAGAY and SUN (Management and Indirect Tax Consul....

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....tants) Reply By Pradeep Khatri: The Reply: Dear S.C.Wadhwa, Link to AS-11 for your ready reference. http://www.mca.gov.in/Ministry/notification/pdf/AS_11.pdf Regards YAGAY and SUN (Management a....

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....nd Indirect Tax Consultants)<br> Discussion Forum - Knowledge Sharing ....