Section 43A - Special provision consequential to changes in rate of exchange

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..... * Section 43A shall not apply where an asset is purchased in India through a foreign currency loan. * The adjustments referred to in Section 43A shall be made only in the previous year in which actual payment is made to the foreign supplier towards the whole or a part of the cost of the asset; or towards repayment of the whole or a part of the moneys borrowed by him from any person, directly....

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....e cost of acquisition of a capital asset (not being a capital asset referred to in section 50) for the purposes of section 48, and the amount arrived at after such addition or deduction shall be taken to be the actual cost of the asset or the amount of expenditure of a capital nature or, as the case may be, the cost of acquisition of the capital asset as aforesaid: In Summary The adjustment r....