Rate of exchange for conversion into rupees of income expressed in foreign currency

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....ssessee in foreign currency or received or deemed to be received by him or on his behalf in foreign currency shall be the telegraphic transfer buying rate of such currency as on the specified date. Explanation : For the purposes of this rule, (1) "telegraphic transfer buying rate" shall have the same meaning as in the Explanation to rule 26; (2) "specified date" mean....

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.... the case of a non-resident engaged in the business of operation of ships, the last day of the month immediately preceding the month in which such income is deemed to accrue or arise in India ; (e) in respect of income by way of dividends, the last day of the month immediately preceding the month in which the dividend is declared, distributed or paid by the company; (f)&nbsp....