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Suppose one has foreign retirement accounts (eg. IRA, Roth IRA, 401k in USA); and one has submitted form 10EE (Rule 21AAA) to defer taxation to withdrawal time. Should one still declare assets therein under Schedule FA?

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Form 10EE is indepedent of Schedule FA requirement.Even if you filed Form 10EE if you are a ROR you need to declare foreign incomes & assets in Schedule FSI & FA respectively. Also include them in Schedule AL if total income > INR 50 lacs.

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  • You mean Schedule FA rather than AL?
    – vishvAs vAsuki
    Commented Jul 5 at 5:39
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    Sorry I misunderstood it as Schedule AL question. Have corrected it now. Thanks for pointing out.
    – abhinavgulechha
    Commented Jul 6 at 5:47

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