TMI BlogAmendment of Section 80NX X X X Extracts X X X X X X X X Extracts X X X X ..... me of the assessee, there shall be allowed a deduction of the whole of such income,", the words "included in the gross total income of the assessee is received in convertible foreign exchange in India, or having been 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 assesse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ign exchange;
(ii) any income used by the assessee outside India in the manner permitted by the Reserve Bank of India shall be deemed to have been brought into India in accordance with the law for the time being in force for regulating payments and dealings in foreign exchange, on the date on which such permission is given.". X X X X Extracts X X X X X X X X Extracts X X X X
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