Benefit under Chapter to be available in certain cases even after the assessee becomes resident

Benefit under Chapter to be available in certain cases even after the assessee becomes resident https://www.taxtmi.com/acts?id=3223 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. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 14:33:40 +0530 TaxTMI RSS Generator Benefit under Chapter to be available in certain cases even after the assessee becomes resident https://www.taxtmi.com/acts?id=3223 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. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3223