Foreign salary taxation section 90

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chaitanya sharma (Querist)
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24 June 2015 Dear all

My brother received salary in newzealand, but he is resident(ordinary resident) person for A.Y. 2015-16. There was treaty between india and new zealand govt., on which relief u/s 90 can be claimed. Doubt is who can i convert foreign currency (salary) into indian rupee for tax calculation.

Please reply it is very urgent...

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 June 2015 you should ideally convert the salary on the basis of SBI TT buying rate on each receipt date.

chaitanya sharma

chaitanya sharma (Querist)
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25 June 2015 Respected sir,

Is this treatment shown in any section or rule, please give its reference.

Thanks for considering my problem

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 June 2015 refer Rule 115 of Income-tax Rules

chaitanya sharma

chaitanya sharma (Querist)
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09 July 2015 who can i get relief u/s 90 for the same. please rely it is ugent

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