Relief from taxation for retirement benefit accounts in notified countries allocates taxability to prescribed year and manner. Relief from taxation applies to income accrued in a specified retirement benefit account in a notified country: such income shall be taxed in the manner ... Summary
Relief from taxation for retirement benefit accounts in notified countries allocates taxability to prescribed year and manner.
Relief from taxation applies to income accrued in a specified retirement benefit account in a notified country: such income shall be taxed in the manner and in the year as may be prescribed. "Notified country" means a jurisdiction notified by the Government; "specified account" means an account in that country where the income is taxed on withdrawal or redemption rather than on accrual; and "specified person" means an Indian resident who opened the account while non-resident and resident in that country.
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