UAE DTAA

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ishan (Querist)
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22 May 2016 for uae resident as per article 13 of the dtaa between India and UAE.capital gain from the sale of mutual funds are taxable in the UAE. but in UAE nothing of such income taxable. so ultimately it is an exempted gain. so how can I claim it in my return?

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 May 2016 It is exempted only to UAE resident. In case of Indian resident it is taxable in India.

ishan

ishan (Querist)
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23 May 2016 yes I am talking about uae resident......but what if TDS has been deducted and wants to refund the same....?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 May 2016 File return and claim refund.

ishan

ishan (Querist)
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23 May 2016 which itr should be prepared?..and in income tax utility where to mention such income?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 May 2016 File ITR 2 and disclose the income under exempted income others.

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ishan

ishan (Querist)
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23 May 2016 then where to mention Tax residency certificate in itr 2?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 May 2016 Disclose the income under respective capital gains instead of exempted income as suggested above. Claim exemption in A7/B9 of return.

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ishan

ishan (Querist)
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23 May 2016 you solved my query Mr. seetharaman ...thank you so much....

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