Relief from taxation in retirement benefit accounts allows prescribed timing and manner of tax for income from specified foreign accounts. Relief is provided for income accrued in retirement benefit accounts maintained in a Central Government-notified country, with the manner and tax year of ... Summary
Relief from taxation in retirement benefit accounts allows prescribed timing and manner of tax for income from specified foreign accounts.
Relief is provided for income accrued in retirement benefit accounts maintained in a Central Government-notified country, with the manner and tax year of taxation to be prescribed. The provision applies where an Indian resident opened a specified account while non resident and resident in that notified country, and where the account is taxed by that country at withdrawal or redemption rather than on accrual. Defined terms include notified country, specified account, and specified person.
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