Convertible foreign exchange: remittances from outside Nepal and Bhutan qualify if backed by authorised dealer certificates. Remittances from countries outside Nepal and Bhutan are treated as convertible foreign exchange for tax deduction eligibility if remitted through normal banking channels and supported by an authorised dealer's certificate confirming receipt in an approved manner under exchange control regulations; such a certificate is adequate evidence of convertible currency receipt.
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.
Convertible foreign exchange: remittances from outside Nepal and Bhutan qualify if backed by authorised dealer certificates.
Remittances from countries outside Nepal and Bhutan are treated as convertible foreign exchange for tax deduction eligibility if remitted through normal banking channels and supported by an authorised dealer's certificate confirming receipt in an approved manner under exchange control regulations; such a certificate is adequate evidence of convertible currency receipt.
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