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of <h1>Indian resident can claim deduction on foreign-currency pay for overseas services only if remitted in convertible forex within six months</h1> An Indian resident individual earning foreign-currency remuneration for services rendered outside India may claim a specified deduction from that remuneration (graduated percentages for assessment years 2001-2004 and none thereafter) only if the income is remitted to India in convertible foreign exchange within six months of the previous year (or extended by the competent authority) and a prescribed certificate is filed. Deductions for government employees require government sponsorship; for others, eligibility is limited to technicians with government or prescribed-authority approval. The section defines foreign currency, foreign employer and technician, and identifies the competent authority.
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