Where I can get TTBR of czk/Inr

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This discussion focuses on how to report salary earned in the Czech Republic on an Indian tax return, specifically for claiming Double Taxation Avoidance Agreement (DTAA) benefits. The user needs to find the TTBR (Telegraphic Transfer Buying Rate) for CZK/INR and understand which section of the Indian Income Tax Return (ITR) to use for claiming foreign tax credits. Advice suggests using an approximate yearly exchange rate like 3.40 or 3.44 if the exact TTBR is unavailable and claiming relief under Section 90.

Krishna

Krishna (Querist)

16 August 2021 I worked in Czech republic for 5 month and I did received some salary which was tax deducted at source.

Now I need to show the same in Schedule S, Schedule FSI(to claim DTAA)

Where I can find
1) TTBR rate for CZK/ INR
2) I know Czech and India have DTAA agreement, what rate I can claim FSI benefits?
3) In form 67 do I need to claim it on 90, 90A or 91?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

16 August 2021 1 search google.
2 Full tax paid can be claimed as relief.
3 claim it under section 90.

Krishna

Krishna (Querist)

16 August 2021 Thanks for the reply.

1) using google as in? What do I search in the google? But doesn't ITR says we need to use TTBR rate and unfortunately I couldn't find one for CZK.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

16 August 2021 Yes same problem for me.

https://exchangerate.guru/czk/inr/1/

Adopt 3.44 or 3.40 yearly rate there will not be much variation acceptable to IT department.
When TT buy rate is not available you can adopt 3.40 no problem.

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