The Central Board of Direct Taxes, (CBDT) on August 17, 2023, notified the Income-tax (Seventeenth Amendment) Rules, 2023 to further amend the Income-tax Act 1961.
The following has been amended-
•for rule 26, the 26. Rate of exchange for the purpose of deduction of tax at source on income payable in foreign currency rule shall be substituted
[Notification No. G.S.R. 607(E)]