Why UAE NRIs Don’t Pay Capital Gains Tax On Mfs In India
Non-resident Indians (NRIs), particularly those residing in the United Arab Emirates (UAE), enjoy significant tax benefits on their investments in mutual funds (MFs) in India. These benefits stem from a Double Taxation Avoidance Agreement (DTAA) signed between India and the UAE, providing relief from capital gains taxation. However, navigating these benefits requires a thorough understanding...
How can NRIs avoid double taxation in India?
You work hard to earn money and take every possible step to save for the future. After all the efforts, you probably do not wish to lose a substantial part of your income to taxes. Even though taxes are necessary for the economy, they often come across as a burden, especially for people who are imposed with a heavy tax liability. Now imagine if you had to pay these taxes, twice...