Taxation of income from retirement benefit account maintained in a notified country

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....vant 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 notified country. (2) Where the option ....

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....oreign tax paid on such income, if any, shall be ignored for the purposes of computation of the foreign tax credit under rule 128. (3) The option under sub-rule (1) shall be exercised by the specified person in respect of all the specified accounts maintained by the specified person. (4) In a case where the specified person becomes a non-resident during any relevant previous year, then- ....

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....pril, 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 of the Act, for furnishing the return of income. (6) Subject to the provisions of sub-rule (4), the option once exercised for a specified account or accounts in respect of a previous year ....