Insertion of new section 89A.

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..... 89A. Where a specified 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) speci .....

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..... sions specified person , specified account and notified country . This amendment will take effect from 1st April, 2022 and will, accordingly, apply in relation to the assessment year 2022-2023 and subsequent assessment years. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanag .....

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