Deduction for remitted foreign remuneration narrowed progressively and limited to timely repatriation, ending after a specified terminal year. Amendment revises the deduction under section 80RRA for remuneration brought into India in convertible foreign exchange by prescribing phased percentage rates for successive assessment years and conditioning allowance on funds being remitted within six months of the end of the previous year or within a further period the competent authority may allow; it also disallows any deduction for the assessment year beginning on the first day of April, 2005 and thereafter.
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 for remitted foreign remuneration narrowed progressively and limited to timely repatriation, ending after a specified terminal year.
Amendment revises the deduction under section 80RRA for remuneration brought into India in convertible foreign exchange by prescribing phased percentage rates for successive assessment years and conditioning allowance on funds being remitted within six months of the end of the previous year or within a further period the competent authority may allow; it also disallows any deduction for the assessment year beginning on the first day of April, 2005 and thereafter.
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