TaxTMI 
TaxTMI 
Relief from taxation in income from retirement benefit account maintained in a notified country.
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.... be taxed in such manner and in such year as may be prescribed. Explanation.--For the purposes of this section,-- (a) "notified country" means a country as may be notified by the Central Government in the Official Gazette for the purposes of this section; (b) "specified account" means an account maintained in a notified country by the specified person in respect of his retirem....
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....s resident in India, during any previous year relevant to an assessment year in relation to which this section applies, exceeds by more than ten per cent. his export turnover during the corresponding base year, the assessee shall be entitled to a deduction from the amount of income-tax otherwise payable for that assessment year of an amount calculated at the rate specified under sub-secti....
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....tion (1) (including the destination of their export) and the rate at which the amount of deduction under that sub-section shall be calculated, shall be such as may be specified by the Central Government in this behalf by notification in the Official Gazette. (4) In specifying under sub-section (3) any goods or merchandise (including the destination of their export) and the rate at which t....
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....ub-section, the amount of income-tax otherwise payable by the assessee for an assessment year on the profits and gains derived from the export of such goods or merchandise out of India shall be - (a) in a case where the total income for that assessment year consists only of such profits and gains, the amount of income-tax chargeable (without any deduction under this section) on the total ....