Insertion of new section 89A.
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....Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2022, namely:-- Relief from taxation in income from retirement benefit account maintained in a n....
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....(b) "specified account" means an account maintained in a notified country by the specified person in respect of his retirement benefits and the income from such account is not taxable on accrual basis....
TaxTMI