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of <h1>Deductions on Foreign Income Under Section 80RRA: Eligible Professions Include Actuaries, Banking, Insurance, Journalism per Rule 11C.</h1> For the purposes of deductions under section 80RRA of the Income-tax Rules, 1962, remuneration received from foreign employers or Indian concerns is eligible for deduction if it pertains to specific fields. The prescribed fields include the profession of actuaries, banking, insurance, and journalism. These fields are outlined under Rule 11C, which specifies the applicable areas for claiming such deductions when computing total income.
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