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Home > Income Tax Act 2025 > Section-158Last Updated: Feb 21st 2025

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

Section-158 seeks to provide for relief from taxation in income from retirement benefit account maintained in a notified country. Learn to understand the section-158 as it is, it's help and useful links to follow.

Here onwards, "Act" refers to "Income Tax Act 2025"

New Income Tax Act 2025 Portal

1. Section-158 as per act

  1. The income accrued in a specified account, maintained in a notified country by a specified person, shall be taxed in a tax year, as prescribed.
  2. In this section,—

    1. "notified country" means a country as notified by the Central Government;
    2. "specified account" means an account maintained in a notified country by the specified person for his retirement benefits, which is taxed by that notified country at the time of withdrawal or redemption and, not on accrual basis;
    3. "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.

2. Help and useful links for Section-158

  1. Income Tax Help Center
  2. Income Tax Act 2025 Home
  3. Tax relief on income from Foreign Retirement Benefit Accounts
  4. New ITR Forms released for AY 2022-23 | What changed ?



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Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.