Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Re: Credit note in Foreign Currency

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... We are importing soup in the month of april’10 and May’10 the Exchange rate in these months are Rs.43 per Euro and Rs.43.60 per Euro and accounted , after that these two consignments are rejected, so .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... we got the Credit note dt 30.04.10,but we received in the month of Sept’10, so which rate we have to account this credit note - Reply By GOPALJI AGRAWAL - The Reply = The date of credit note or month .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of receiving is not so important as the date of crystallisation of claim. The transaction should be recorded on the date on which the claim becomes certain. - Reply By PONNADA B K RAVIKUMAR - The Repl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... y = so what rate i have to account this credit note, whether @ 43 or 43.60, pls confirm sir - Re: Credit note in Foreign Currency - Query Started By: - PONNADA B K RAVIKUMAR Dated:- 17-9-2010 Other T .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... opics - Got 2 Replies - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... om - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates