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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
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