I am based in the UAE and have sold mutual funds and listed shares over the past year with gains of about ₹16 lakh. I have obtained TRC (taxation residency certificate) from the UAE tax authorities. TDS (tax deducted at source) has been deducted on both sales. An NRI (non-resident Indian) friend told me that … Read more
I live in Australia with my family. Somewhere in mid-2020, I had invested in some liquid mutual funds, which I redeemed in March this year to book profits. TDS (tax deducted at source) has been deducted upon redemption. I have read that NRIs (non-resident Indians) in the UAE do not have to pay capital gains … Read more
I have been investing in mutual funds for the past four years. Last year, I moved to Dubai and am currently a non-resident Indian (NRI). Say, if I exit all my mutual fund investments now, would I have zero tax liability? —Name withheld on request. I am assuming that you qualify as a non-resident (‘NR’) … Read more
I have to make a payment to a law firm in Dubai for advising me on Golden Visa eligibility. Would such payment require TDS (tax deducted at source) and do I have to file Form 15CB while making the payment? Are there any other tax rules that I should keep in mind while making the … Read more