Loss on account of foreign exchange fluctuation in respect of ...

Foreign Exchange Fluctuations in Inventory Excluded from Closing Stock Value for Tax Calculations.

November 10, 2011

Case Laws Income Tax AT

Loss on account of foreign exchange fluctuation in respect of inventory which is part of closing stock need not be taken into account for computation of closing stock value because the said expenditure is not to be taken into account for computation of cost of purchase.... - AT

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Loss on account of foreign exchange fluctuation in respect of ...

Foreign Exchange Fluctuations in Inventory Excluded from Closing Stock Value for Tax Calculations.

November 10, 2011

Case Laws Income Tax AT

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