https://www.taxtmi.com/news?id=71830 Form 40 is the prescribed electronic form for a resident Indian to exercise the option for relief under section 158 of the Income-tax Act, 2025 in respect of income from a retirement benefit account maintained in a notified country. Valid filing within the prescribed due date is mandatory for an admissible claim, the option once exercised applies for the tax year and subsequent years, and the form cannot be edited after submission. The filing requires self-declaration, PAN, online verification, and supporting documents showing the foreign tax treatment and income computations. en-us Thu, 26 Mar 2026 16:51:25 +0530 Thu, 26 Mar 2026 16:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71830 Form 40 is the prescribed electronic form for a resident Indian to exercise the option for relief under section 158 of the Income-tax Act, 2025 in respect of income from a retirement benefit account maintained in a notified country. Valid filing within the prescribed due date is mandatory for an admissible claim, the option once exercised applies for the tax year and subsequent years, and the form cannot be edited after submission. The filing requires self-declaration, PAN, online verification, and supporting documents showing the foreign tax treatment and income computations. News - Thu, 26 Mar 2026 16:51:25 +0530 https://www.taxtmi.com/news?id=71830