Specified account taxation: irrevocable option to include foreign taxed account income when taxable at withdrawal or redemption. Specified accounts must be disclosed in Form No. 10-EE with account details, notified country, balances, nature and timing of income. A specified person may exercise an irrevocable option to include income from those accounts in the total income for the previous year in which such income has been taxed or is taxable in the notified country at withdrawal or redemption; that option applies to the chosen year and all subsequent years. The form requires declarations, prior-year inclusion/exemption particulars, documentary evidence of account statements and foreign taxation, and reconciled computations for previously included income.