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 ... Summary
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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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