https://www.taxtmi.com/notifications?id=140606 Rule 26 prescribes that for deduction of tax at source on income payable in foreign currency the rate of exchange shall be the telegraphic transfer buying rate of the foreign currency adopted by the State Bank of India, applied on the date tax is required to be deducted. The rule applies to payments to an assessee outside India, to a Unit in an International Financial Services Centre, and by such a Unit to an assessee in India, and includes definitions for key terms. en-us Thu, 17 Aug 2023 00:00:00 +0530 Fri, 18 Aug 2023 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=140606 Rule 26 prescribes that for deduction of tax at source on income payable in foreign currency the rate of exchange shall be the telegraphic transfer buying rate of the foreign currency adopted by the State Bank of India, applied on the date tax is required to be deducted. The rule applies to payments to an assessee outside India, to a Unit in an International Financial Services Centre, and by such a Unit to an assessee in India, and includes definitions for key terms. Notifications Income Tax Thu, 17 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=140606