Deduction for foreign remuneration under section 80R is phased down and conditioned on timely remittance, ending for later years. Amendment prescribes a phased reduction in the deduction under section 80R for remuneration, conditioned on such remuneration being brought into India in ... Summary
Deduction for foreign remuneration under section 80R is phased down and conditioned on timely remittance, ending for later years.
Amendment prescribes a phased reduction in the deduction under section 80R for remuneration, conditioned on such remuneration being brought into India in convertible foreign exchange within six months from the end of the previous year or within any further period allowed by the competent authority, and provides that no deduction shall be allowed for assessment years beginning on or after the 1st day of April, 2005.
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