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Mututal Funds-Dubai

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(Querist)
24 May 2021 Hi All

One of my clients has invested in one of the funds in Dubai in 2015. At that time he was a NRI.
Now he wish to withdraw the money invested. How will be taxation in Dubai and India of the same?


Thanks in Advance.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 May 2021 No specific exchange control regulations are imposed in the UAE. Funds can be repatriated and certain tax-related matters for funding forms including debts, equity or securities may be considered on a case-specific basis.
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