https://www.taxtmi.com/acts?id=53601 For deduction of tax at source on income payable in foreign currency, the value in rupees is to be calculated at the telegraphic transfer buying rate on the date tax is required to be deducted. If that rate is not published, the last published rate may be used. The rule applies to income payable to an assessee outside India, to a Unit in an International Financial Services Centre, and to income paid by such a Unit to an assessee in India. en-us Sat, 21 Mar 2026 09:39:49 +0530 Tue, 07 Apr 2026 18:10:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53601 For deduction of tax at source on income payable in foreign currency, the value in rupees is to be calculated at the telegraphic transfer buying rate on the date tax is required to be deducted. If that rate is not published, the last published rate may be used. The rule applies to income payable to an assessee outside India, to a Unit in an International Financial Services Centre, and to income paid by such a Unit to an assessee in India. Act-Rules Income Tax Sat, 21 Mar 2026 09:39:49 +0530 https://www.taxtmi.com/acts?id=53601