Foreign currency accounts allowed for certain resident employees, contingent on payment of Indian income tax on salary. Amendment allows certain residents to open and maintain foreign currency accounts abroad to receive whole salary for services rendered in India, provided income-tax chargeable under the Income-tax Act, 1961 is paid on the salary accrued or received in India.
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Provisions expressly mentioned in the judgment/order text.
Foreign currency accounts allowed for certain resident employees, contingent on payment of Indian income tax on salary.
Amendment allows certain residents to open and maintain foreign currency accounts abroad to receive whole salary for services rendered in India, provided income-tax chargeable under the Income-tax Act, 1961 is paid on the salary accrued or received in India.
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