https://www.taxtmi.com/manuals?id=1276 Foreign-currency income is converted into Indian rupees using the Telegraphic Transfer Buying Rate applicable on a specified date determined by the nature of income. Foreign-currency income subject to tax deduction at source is converted at the rate applicable on the deduction date, with the last published rate available where no rate is published that day. The tax-deduction rule applies to payments involving assessees outside India and International Financial Services Centre units, including payments by such units to assessees in India. en-us Mon, 05 Oct 2015 11:41:00 +0530 Sat, 29 Aug 2026 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1276 Foreign-currency income is converted into Indian rupees using the Telegraphic Transfer Buying Rate applicable on a specified date determined by the nature of income. Foreign-currency income subject to tax deduction at source is converted at the rate applicable on the deduction date, with the last published rate available where no rate is published that day. The tax-deduction rule applies to payments involving assessees outside India and International Financial Services Centre units, including payments by such units to assessees in India. Manuals Income Tax Mon, 05 Oct 2015 11:41:00 +0530 https://www.taxtmi.com/manuals?id=1276