CBDT Circular on Section 10(4a) Of The Income-Tax Act,1961 – Exemptions – Wealth-Tax On Moneys Lying To Credit In A Non-Resident (External) Account Belonging To A Person Resident Outside India – Whether Deposits Held By A Person Of Indian Origin Or Citizen In Nre Account During His Residence In The Foreign Country Will Also Be Exempt Under Clause (Xxxiii) Of Sub-Section (1)

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SECTION 10(4A) OF THE INCOME-TAX ACT,1961 – EXEMPTIONS – WEALTH-TAX ON MONEYS LYING TO CREDIT IN A NON-RESIDENT (EXTERNAL) ACCOUNT BELONGING TO A PERSON RESIDENT OUTSIDE INDIA – WHETHER DEPOSITS HELD BY A PERSON OF INDIAN ORIGIN OR CITIZEN IN NRE ACCOUNT DURING HIS RESIDENCE IN THE FOREIGN COUNTRY WILL ALSO BE EXEMPT UNDER CLAUSE…

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