banner_ad

Schedule fsi in itr - 4 (income earned from foreign company)

TDS 447 views 2 replies

Hi,

 

I have earned professional income from a foreign company. They have deducted tds as per DTAA and given me a manual certificate. The TDS deducted is in the foreign currency. 

 

My question is how should i show this TDS under FSI section in ITR? Should i show it in INR? If INR then what conversion rate to be taken

 

Replies (2)

As regards conversion, it is generally the Telegraphic Transfer Buying Rate (TTBR) of SBI as on date of accrual of income that has to be taken - you can obtain it from any SBI forex branch on payment of a fee per entry. 

As regards Schedule FSI, you have to show the amount in INR. What is the exact issue that you're facing?

Hi, For example

I have raised my bill for professional fees to a Japanese company @ USD 1000. They have deducted 10% TDS under DTAA and remitted my balance USD 900. I have got the amount credited in my account in INR. 

 

Now while Showing the TDS deducted under DTAA, I should show this USD 100 as INR na? They have given me a manual tax remittance certificate for 10% deduction. 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details