https://www.taxtmi.com/acts?id=51747 Section 217 allows a non-resident Indian who later becomes resident to retain the benefits of sections 212 to 216 for investment income from a qualifying foreign exchange asset, other than shares in an Indian company, if a written declaration is filed with the return of income. The benefit continues for the relevant and subsequent tax years until the asset is transferred or converted into money. A non-resident Indian may also opt out of these special provisions for any tax year by declaring so in the return, in which case income is taxed under the other provisions of the Act. en-us Thu, 14 Aug 2025 11:46:06 +0530 Sat, 04 Apr 2026 13:13:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51747 Section 217 allows a non-resident Indian who later becomes resident to retain the benefits of sections 212 to 216 for investment income from a qualifying foreign exchange asset, other than shares in an Indian company, if a written declaration is filed with the return of income. The benefit continues for the relevant and subsequent tax years until the asset is transferred or converted into money. A non-resident Indian may also opt out of these special provisions for any tax year by declaring so in the return, in which case income is taxed under the other provisions of the Act. Act-Rules Income Tax Thu, 14 Aug 2025 11:46:06 +0530 https://www.taxtmi.com/acts?id=51747