Deduction computation under section 80RRA changed to favour the higher remuneration linked basis when repatriation conditions are met. Amendment to section 80RRA replaces the previous deduction basis with a rule that the deductible amount shall be the higher of: fifty per cent of the ... Summary
Deduction computation under section 80RRA changed to favour the higher remuneration linked basis when repatriation conditions are met.
Amendment to section 80RRA replaces the previous deduction basis with a rule that the deductible amount shall be the higher of: fifty per cent of the remuneration, or seventy-five per cent of the remuneration that is brought into India in accordance with the Foreign Exchange Regulation Act, 1973 and related rules; the change applies with effect from the first day of April, 1988.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.