Conversion rate
This query is : Open
27 November 2015
For Dollar Ruppee conversion rate from where do i take the rate? If the transaction is on Weekend then which rate to take?
Nikhil Kaushik
(Expert)
27 November 2015
you need to take SBI TT buying rate. for transactions for which money has not yet been received and converted, you may take SBI TT buying rate at the end of the month. For the remaining currencies actual amount received in INR should be considered.
refer 218 ITR 384 (SC)
refer 218 ITR 384 (SC)
Nikhil Kaushik
(Expert)
30 November 2015
you need to SBI TT rate.
the same is available at https://www.eximin.net/Forexdetails.aspx
the same is available at https://www.eximin.net/Forexdetails.aspx
30 November 2015
Thanks. I need one help. DO you what is TRS? A US citizen has been called to India by Reliance company for consulatation and they need PAN CARD + TRS
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