BMC Associates says Replied on 30th May,2026 09:23 AM

The loss from exchange transactions should generally be shown under Operating Expenses (Schedule 16) rather than being deducted from Other Income (Schedule 14), provided the loss arises in the normal course of banking operations. Banks typically present foreign exchange losses as an expenditure item, while foreign exchange gains are recognized as income. Therefore, Option 2 – Add it to Operating Expenses (Schedule 16) is generally the proper treatment. For accurate accounting treatment, banking compliance, and financial reporting guidance, businesses can consult experienced chartered accountant firms in Gurgaon. A qualified chartered accountant Gurgaon can assist with accounting standards, audits, and regulatory requirements. If you are looking for a reliable CA firm in Gurgaon or an expert CA in Gurgaon, professional advice can help ensure proper financial statement presentation and compliance.