https://www.taxtmi.com/forms?id=2414 Exercise of option for relief from taxation on income from a retirement benefit account maintained in a notified country requires Form No. 40 with full particulars of the specified person, specified accounts, tax year, account balance, taxation basis in the notified country, withdrawal year, nature of income, and amounts already included or exempted in earlier tax years. The option makes the accrued income includible in total income for the tax year in which it is taxed or taxable in the notified country at withdrawal or redemption, and once exercised it cannot be withdrawn and applies to subsequent years. Supporting statements, documentary evidence, and reconciliation details must be attached. en-us Thu, 26 Mar 2026 11:51:00 +0530 Thu, 26 Mar 2026 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forms?id=2414 Exercise of option for relief from taxation on income from a retirement benefit account maintained in a notified country requires Form No. 40 with full particulars of the specified person, specified accounts, tax year, account balance, taxation basis in the notified country, withdrawal year, nature of income, and amounts already included or exempted in earlier tax years. The option makes the accrued income includible in total income for the tax year in which it is taxed or taxable in the notified country at withdrawal or redemption, and once exercised it cannot be withdrawn and applies to subsequent years. Supporting statements, documentary evidence, and reconciliation details must be attached. Forms Income Tax Thu, 26 Mar 2026 11:51:00 +0530 https://www.taxtmi.com/forms?id=2414