Deduction u/s 80-O.

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..... ed 23rd December, 1975 (F. No. 473/15/73-FTD) on the above subject. The deduction u/s 80-O is admissible only with reference to the income which is received in convertible foreign exchange outside India or having been converted into convertible foreign exchange outside India, is brought into India by or on behalf of the assessee in accordance with any law for the time being in force for regulating .....

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..... eceipt of income in non-convertible rupees from bilateral account countries (for example Russian Roubles) will be treated on par with similar incomes received in any convertible foreign exchange for the purposes of section 80-N and 80-O of the Income-tax Act, 1961. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement .....

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