Income-tax (6th Amendment), Rules, 2022.

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....blication in the Official Gazette. 2. In the Income-tax Rules, 1962 (hereafter referred to as the principal rules), after rule 21AA, the following rules shall be inserted, namely:- "21AAA. Taxation of income from retirement benefit account maintained in a notified country - (1) Where a specified person has income accrued in a specified account or accounts, during a previous year relevant to any assessment year beginning on or after the 1st day of April, 2022, such income shall, at the option of the specified person, be included in his total income of the previous year relevant to the assessment year in which income from the said specified account or accounts is taxed at the time of withdrawal or redemption, as the case may be, in the ....

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....he previous year in respect of which the option under sub-rule (1) was exercised and ending with the previous year immediately preceding the relevant previous year, shall be taxable during the previous year immediately preceding the relevant previous year and tax shall be paid on or before the due date for furnishing the return of income for the relevant previous year. (5) The option to be exercised under sub-rule (1) by the specified person, for any previous year relevant to the assessment year beginning on or after the 1st day of April, 2022, shall be in Form No. 10-EE and it shall be furnished electronically under digital signature or electronic verification code on or before the due date specified under sub-section (1) of section 139....

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....ee sub-rule (1) of rule 21AAA] S. No. &nbsp; &nbsp; 1. Name of the specified person : 2. PAN of specified person : 3. Address of specified person : 4. Previous year in respect of which option is being exercised : yyyy - yyyy 5. Details of all the specified accounts maintained by the specified person &nbsp; S.No. Account number &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Name of Retirement Fund Name of notified Country < select from drop down> Balance as on last day of the financial year prior to the previous year for which this+ Form is being filled Year in which account opened....

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....ed accounts as specified in paragraph 5, shall be included in the total income for the previous year relevant to the assessment year in which income from the said specified account has been taxed or taxable in the notified country at the time of withdrawal or redemption : Yes/No &nbsp; Declaration I, _________________________________________________ (Name in full and in block letters) son/daughter/wife of ______________________________do hereby declare that to the best of my knowledge and belief what is stated in the form above is correct and complete. I further declare that I am competent to make this declaration and furnish this statement. 2. I hereby declare that I have exercised the option as per paragraph 6 for all the s....