https://www.taxtmi.com/acts?id=3953 Income expressed in foreign currency is converted into rupees at the telegraphic transfer buying rate on the specified date, with the specified date varying by the head of income, including salaries, interest on securities, house property, business income, dividends, and capital gains. For certain foreign-currency income subject to tax deduction at source, the specified date is the date on which tax was required to be deducted. The rule does not apply to certain income received or brought into India before the specified date in accordance with the applicable foreign exchange law. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 21 May 2026 15:00:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3953 Income expressed in foreign currency is converted into rupees at the telegraphic transfer buying rate on the specified date, with the specified date varying by the head of income, including salaries, interest on securities, house property, business income, dividends, and capital gains. For certain foreign-currency income subject to tax deduction at source, the specified date is the date on which tax was required to be deducted. The rule does not apply to certain income received or brought into India before the specified date in accordance with the applicable foreign exchange law. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3953