https://www.taxtmi.com/forum/issue?id=120284 Resident individuals holding foreign retirement benefit accounts such as 401K or IRA are generally taxed in India on an accrual basis as part of global income. The relief under section 89A read with rule 21AAA allows receipt-based taxation only if Form 10EE is filed online before the due date of return filing for the relevant assessment year. If the form is not filed within time for earlier years, the accrued income for those years remains reportable on accrual basis. Foreign retirement accounts must also be disclosed in Schedule FA. en-us Wed, 23 Jul 2025 23:41:48 +0530 Tue, 26 May 2026 17:20:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120284 Resident individuals holding foreign retirement benefit accounts such as 401K or IRA are generally taxed in India on an accrual basis as part of global income. The relief under section 89A read with rule 21AAA allows receipt-based taxation only if Form 10EE is filed online before the due date of return filing for the relevant assessment year. If the form is not filed within time for earlier years, the accrued income for those years remains reportable on accrual basis. Foreign retirement accounts must also be disclosed in Schedule FA. Discussion-Forum Income Tax Wed, 23 Jul 2025 23:41:48 +0530 https://www.taxtmi.com/forum/issue?id=120284