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Insertion of new section 89A.

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Full Text of the Document

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....person has income accrued in a specified account, such income shall be taxed in such manner and in such year as may be prescribed. Explanation.--For the purposes of this section,-- (a) "specified person" means a person resident in India who opened a specified account in a notified country while being non-resident in India and resident in that country; (b) "specified account" means an account ....