https://www.taxtmi.com/acts?id=19601 Residents not ordinarily resident who would otherwise be exempt must file an income-tax return if they hold, as beneficial owner or otherwise, any asset or financial interest located outside India, have signing authority in a foreign account, or are a beneficiary of any foreign asset. The amendment defines "beneficial owner" as an individual providing consideration for the asset and "beneficiary" as an individual deriving benefit where another provided the consideration. Investment funds of the specified class not otherwise required to file must furnish annual returns and are subject to the Act as if filing under the principal provision. en-us Thu, 07 May 2015 13:16:44 +0530 Mon, 08 May 2017 12:27:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19601 Residents not ordinarily resident who would otherwise be exempt must file an income-tax return if they hold, as beneficial owner or otherwise, any asset or financial interest located outside India, have signing authority in a foreign account, or are a beneficiary of any foreign asset. The amendment defines "beneficial owner" as an individual providing consideration for the asset and "beneficiary" as an individual deriving benefit where another provided the consideration. Investment funds of the specified class not otherwise required to file must furnish annual returns and are subject to the Act as if filing under the principal provision. Act-Rules F. Acts / Amendment Acts Thu, 07 May 2015 13:16:44 +0530 https://www.taxtmi.com/acts?id=19601