Become a Govt. Certified GST Practitioner in just 60 hrs. Register Now!

sec 80qqb

12 January 2018

what if the currency which is earned from abroad under mentioned section is converted in rupees in abroad only and brought to india ? will it be eligible for deduction ?

Reply
Follow
Share

4 Replies

A.B.RAJ (FINANCE PRACTIONER ) (250 Points)
Replied 12 January 2018

yes if it is remitted in indian then you claim deduction

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Urusha laliwala (24 Points)
Replied 12 January 2018

but it is not foreign currency remitted to india it is already converted in indian rupees

Urusha laliwala (24 Points)
Replied 12 January 2018

and then sent to india

A.B.RAJ (FINANCE PRACTIONER ) (250 Points)
Replied 12 January 2018

1st you will earn in foreign country deposit in your foreign A/C after that you should remit it in indian in your A/c then you will get claim for it....