UAE DTAA
This query is : Open
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
(Expert)
23 May 2016
It is exempted only to UAE resident. In case of Indian resident it is taxable in India.
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
(Expert)
23 May 2016
File return and claim refund.
23 May 2016
which itr should be prepared?..and in income tax utility where to mention such income?
CA R SEETHARAMAN
(Expert)
23 May 2016
File ITR 2 and disclose the income under exempted income others.
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CA R SEETHARAMAN
(Expert)
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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