Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Continuation of tax chapter benefits: resident former non residents can elect continued treatment for investment income from specified foreign assets. A former non-resident who becomes resident may, by filing a written declaration with the return of income to the Assessing Officer, elect that the Chapter continue to apply to investment income from specified foreign exchange assets; this election preserves the Chapter's treatment for that assessment year and subsequent years until the asset is transferred or converted into money other than by transfer.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Continuation of tax chapter benefits: resident former non residents can elect continued treatment for investment income from specified foreign assets.
A former non-resident who becomes resident may, by filing a written declaration with the return of income to the Assessing Officer, elect that the Chapter continue to apply to investment income from specified foreign exchange assets; this election preserves the Chapter's treatment for that assessment year and subsequent years until the asset is transferred or converted into money other than by transfer.
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