https://www.taxtmi.com/circulars?id=9212 The amendments require that valuation in rupees of income payable or accruing in foreign currency be calculated at the telegraphic transfer buying rate of the bank on the specific date when the income accrues, arises, or is deemed to accrue or arise; the Foreign Tax Division will collect the bank's T.T. buying rates as of the last day of each month and supply them to Commissioners of Income-tax quarterly. en-us Thu, 24 Aug 1978 00:00:00 +0530 Fri, 03 Jun 2011 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9212 The amendments require that valuation in rupees of income payable or accruing in foreign currency be calculated at the telegraphic transfer buying rate of the bank on the specific date when the income accrues, arises, or is deemed to accrue or arise; the Foreign Tax Division will collect the bank's T.T. buying rates as of the last day of each month and supply them to Commissioners of Income-tax quarterly. Circulars Income Tax Thu, 24 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9212