Foreign Exchange Gain/Loss

Tax Glossary Definition

Foreign Exchange Gain/Loss

Foreign Exchange Gain/Loss Foreign exchange gain or loss arises from fluctuations in currency exchange rates when a transaction is conducted in a foreign currency. It represents the profit or loss due to changes in the value of foreign currency relative to the domestic currency.

Example: If the US dollar appreciates against the Indian rupee, a company earning revenue in dollars from exports will record a foreign exchange gain, increasing its income in INR terms.

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