Exempted Assets

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..... ace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /> India . (However property forming part of business other than referred to in section 11(4A)(a)/(b) is not exempted) (ii) the interest of the assessee in the coparcenary property of any Hindu undivided family of which he is a member ; (iii) any one building in the occupation of a Ruler .....

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..... Explanation [1].A person shall be deemed to be of Indian origin if he, or either of his parents or any of his grand-parents, was born in undivided India . Explanation 2.For the removal of doubts, it is hereby declared that moneys standing to the credit of such person in a Non-resident (External) Account in any bank in India in accordance with the Foreign .....

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