https://www.taxtmi.com/caselaws?id=283466 Foreign retirement corpus brought into India was not taxable merely because it was remitted later, since the amounts had accrued while the applicant was non-resident and retained their character as corpus. Interest earned on the Indian non-repatriable rupee account was taxable in the applicant's hands once he became resident, because income received through a custodian is assessable according to the beneficial owner's status. The Authority also held that withdrawals from the retirement account did not constitute taxable income in India. It declined to rule on the proposed gift-tax consequences, holding that its advance-ruling jurisdiction under the Income-tax Act did not extend to that separate enactment. en-us Wed, 27 Mar 1996 00:00:00 +0530 Tue, 24 Sep 2019 14:45:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283466 Foreign retirement corpus brought into India was not taxable merely because it was remitted later, since the amounts had accrued while the applicant was non-resident and retained their character as corpus. Interest earned on the Indian non-repatriable rupee account was taxable in the applicant's hands once he became resident, because income received through a custodian is assessable according to the beneficial owner's status. The Authority also held that withdrawals from the retirement account did not constitute taxable income in India. It declined to rule on the proposed gift-tax consequences, holding that its advance-ruling jurisdiction under the Income-tax Act did not extend to that separate enactment. Case-Laws Income Tax Wed, 27 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283466