Where can I find SBI TT Buying rate for Saudi Riyal for 31st December, 2014. If it isn't directly quoted, then how do i create a cross rate?
My client lives in Muscat, Saudi Arabia and received salary there from December, 2014 to March, 2015.
Refer rule 26, of the Income Tax Rules.
Any help would be appreciated.
take the saudi riyal conversion rates to Dollar for the corresponding dates and then use Dollar rupee TT Buying rates. See if SAMA's website provides old rates in its archieve.
SAMA's website?
From where do I take the dollar/ riyal rate. It will different for different exchages.
SAMA is the Saudi Arabian central bank
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