India - Income Tax Act 2010 - Saarc

S. 80R I.T. ACT, 1961 1.502(c) “competent authority” means the Reserve Bank of India or such otherauthority as is authorised under any law for the time being in forcefor regulating payments and dealings in foreign exchange;(d) “lump sum”, in regard to royalties or copyright fees, includes anadvance payment on account of such royalties or copyright feeswhich is not returnable.]95[Deduction in respect of remuneration from certain foreign sources in the caseof professors, teachers, etc. 9680R. Where the gross total income of an individual who is a citizen of Indiaincludes any remuneration received by him outside India from anyUniversity or other educational institution established outside India or 97 [anyother association or body established outside India], for any service rendered byhim during his stay outside India in his capacity as a professor, teacher orresearch worker in such University, institution, association or body, there shallbe 98 [allowed, in computing the total income of the individual, 99 [a deduction fromsuch remuneration of an amount equal to—(i) sixty per cent of such remuneration for an assessment year beginningon the 1st day of April, 2001;(ii) forty-five per cent of such remuneration for an assessment yearbeginning on the 1st day of April, 2002;(iii) thirty per cent of such remuneration for an assessment year beginningon the 1st day of April, 2003;(iv) fifteen per cent of such remuneration for an assessment year beginningon the 1st day of April, 2004,as is brought into India by, or on behalf of, the assessee in convertible foreignexchange within a period of six months from the end of the previous year orwithin such further period as the competent authority may allow in this behalfand no deduction shall be allowed in respect of the assessment year beginningon the 1st day of April, 2005 and any subsequent assessment year]] :95. This topic was dealt with by original section 80F which was inserted by the Finance(No. 2) Act, 1967, w.r.e.f. 1-4-1966. Section 80R was introduced in place of section 80F,which was deleted, by the Finance Act, 1967, w.e.f. 1-4-1968.96. For relevant case laws, see Taxmann’s Master Guide to Income-tax Act.97. Substituted for “such other association or body established outside India as may benotified in this behalf by the Central Government in the Official Gazette” by the FinanceAct, 1983, w.e.f. 1-4-1984.98. Substituted for the words “allowed a deduction from such remuneration of an amountequal to fifty per cent thereof, in computing the total income of the individual :” by theFinance Act, 1990, w.e.f. 1-4-1991.99. Substituted for the portion beginning with the words “a deduction from such remunerationof an amount” and ending with the words “competent authority may allow in thisbehalf” by the Finance Act, 2000, w.e.f. 1-4-2001. Prior to its substitution, the quotedportion, as amended by the Finance Act, 1990, w.e.f. 1-4-1991, Finance (No. 2) Act, 1996,w.e.f. 1-4-1997 and Finance Act, 1999, w.e.f. 1-6-1999, read as under :“a deduction from such remuneration of an amount equal to seventy-five per cent of suchremuneration, as is brought into India by, or on behalf of, the assessee in convertibleforeign exchange within a period of six months from the end of the previous year or withinsuch further period as the competent authority may allow in this behalf.”