Hello Friends,
We have received a statement showing our tax is withheld, deducted by the US entity.
Say it is $1,
At what value to record this FTC
Statement of Nov.
Amount received in Dec
Thank you,
Roopali
Menu
FTC entry at what value
Replies (1)
For the purpose of conversion of foreign currency to INR Telegraphic Transfer Buying Rate (TTBR) on the last date of the previous month in which tax is deducted or paid in such country
Telegraphic Transfer Buying Rate - Rate adopted by SBI for buying such currency
if tax deducted in November then Rate as on last day of November
Telegraphic Transfer Buying Rate - Rate adopted by SBI for buying such currency
if tax deducted in November then Rate as on last day of November
Recent Topic
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
Related Topics
CAclubindia
