Income tax- dtaa and rate of conversion from $ to rupee

Dear

As you stated, Mr A is resident in India in A.y 13-14, so income earned outside india shall be taxable in India. Rate of conversion should be taken, the rate prevailed ,on the day of crediting salary in his account. 

thanks :). Could u also tell me as to what rate of conversion to use for the Tax paid in USD?

You need to take the TT buying rate of the last day of the month immediately preceding the month in which the salary is due, or is paid in advance or in arrears.

Anuj

femaquery @ gmail.com