Section 158 — Relief from taxation in income from retirement benefit account maintained in a notified country

(1) The income accrued to a specified person in a specified account shall be
taxed in such manner and in such tax year, as may be prescribed.
(2) For the purposes of this section,—
( a) “notified country” means a country as may be notified by the Central
Government;
( b) “specified account” means an account maintained in a notified country by
the specified person for his retirement benefits, the income from which
is taxed by that notified country at the time of withdrawal or redemption
and, not on accrual basis;
( c) “specified person” means a person resident in India having opened a
specified account in a notified country while being non-resident in India
and resident in that country.
B.—Double taxation relief