Partner
109 Points
Joined September 2010
Hi Ashwin,
The rates on the second page are headed as
"CARD RATES FOR TRANSACTIONS BETWEEN Rs. 10 LACS AND Rs. 20 LACS.(To be used as reference rates"
[Emphasis added]
The rates provided on page 1 are presumably not to be used as reference rates since there is no similar header on page 1 rates.
Rule 26 of the Income-tax Rules provides for using SBI TT buying rate as a reference rate for conversion instead of using the actual rate. Which is why we recommend you use the reference rates provided on page 2