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[Cites 0, Cited by 0] [Section 10DB] [Entire Act]

Union of India - Subsection

Section 10DB(7) in Income Tax Rules, 1962

(7)Where the total consolidated group revenue of the international group, as reflected in the consolidated financial statement, is in foreign currency, the rate of exchange for the calculation of the value in rupees of such total consolidated group revenue shall be the telegraphic transfer buying rate of such currency on the last day of the accounting year preceding the accounting year.