How Can NRIs Reduce Taxes On Interest & Dividend Income By Using Double Tax Avoidance Agreements? 

Excellent expression of facts with absolute clarity in its simplest form. As usual this is an awesome video and an eye-opener for many ignorant NRIs for optimizing taxes. Great job Dr. Bhat and CA Sriram👍👍

Thank you so much for sharing such useful information 🌷🌷

Excellent quality 👌

Very informative. Now many news are coming up thay zero percent tax to be paid on capital gain taxes on Mutual funds under DTAA, any inputs on this would be kindly appreciated.

Is there any -ve effect in any other form if DTAA benefit opted for

Sirs, is EPF money withdrawn in India ( upon moving to USA) is taxable in USA as a worldwide Income? The PF money is not taxable if the contribution is continuous for 5 years. Please help answer this question

THANK YOU LOT

Thank you, the video is very helpful. But one problem is facing, while going to file an ITR of a Chinese citizen (having Dividend Income and filed 10F) surcharge and cess liability is reflecting. Can it avoid or must have to pay, please advise

Is there a way to reduce TDS on STCG and LTCG of stock trading.

Im a US resident and i have a post office bond interest income from India. Under DTAA, i need to pay tax only either in India or US ? And get that income completely exempted from tax from the other country?

I need to file ITR for AY 2021-2022 , is there a provision for filing late returns and what are the implications. I have a UK Certificate of resiidence for the period 2011-2021 and want to submit it under DTAA rules to tax office, please indicate the method for doing this. Many thanks for your excellent videos.

Is there a program on PFIC for USA NRIs? How to tax plan on MF investments in India under growth option? If there is no episode, can you please do one? Thanks in advance. Ranganathan Murali.

Thanks for informative video. Interest earned by NRI on PPF in India, exempted in India. Do we need to indicate the interest as global income in income tax return and pay taxes as applicable. A humble request to you to please guide.

If an NRI is employed in Country A where he pays income tax on employment income earned in Country A. Whereas he also has dividend income from the stocks purchased in US. In such cases in which country should NRI declare such dividend income. Is it in country A or in India while filling ITR.

Can an NRI claim for refund of excess taxes paid in past on capital gains and dividend income e.g. 2 yrs ago, paid in India while being tax resident in another country.

Sir, USA taxes all your worldwide income as per USA tax rates. Considering this even if you save taxes in India, you have to pay tax in USA. You can claim deduction on taxes paid in India proportionately. So, in summary you can't save any taxes.

We're making payment overseas to a professional organisation who is providing accounting and Tax services to Indian client in that country. I will need to deduct WHT. Can the foreign company claim credit of WHT so deducted?

DTAA: Italian Tax authorities do not take DTAA into consideration at all and charge an extra flat 26% on Mf capital gains, Fd interests etc. earned in India on an NRO/NRE account. Thence Italy based NRIs end up bleeding over 40% collectively.

Thanks for bringing in valuable content through your channel Dr.Bhat and CA Sriram and I have been watching them. I currently live in US, wanted to know upon return to India and post RNOR status, what would be the tax implications in India for 401k withdrawal . I am aware of the tax implications in US but was unclear on the DTAA agreement on this aspect. Would like to understand if there would be double taxation after completion of RNOR status. Any inputs on this topic would be of great help ! Thanks in advance

alia, held that Double Taxation Avoidance Agreement (tax treaty) provisions cannot be denied merely on the basis of non-furnishing of the tax residency certificate (TRC). The Tribunal also emphasised that in the absence of a TRC, in order to claim tax treaty benefits, the foreign enterprise has to substantiate its residential status as per Article 4(1) of the India and USA tax treaty. In detail Facts  The taxpayer made certain payments to a company resident of USA (US Co.) for installation and commissioning of an equipment in India.  No taxes were withheld on such payments by the taxpayer on the premise that the payments were not chargeable to tax in India as per the beneficial provision of the tax treaty.  The tax officer (TO) held that the services rendered by the US Co. were taxable as per the provisions of section 9(1)(vii) of the Income-tax Act, 1961 (the Act) and Article 12 of the India-USA tax treaty.  Since no taxes were withheld by the taxpayer, 1 ITA Nos. 478 and 479/Ahmedabad/2018 the payments made by the taxpayer was disallowed by the TO in the assessment order of the taxpayer.  Aggrieved by the TO’s order, the taxpayer appealed before the Commissioner of Incometax (Appeals) [CIT(A)]. The CIT(A) upheld the disallowance made by the TO as it observed that the US Co. had not furnished a valid TRC. Further, the CIT(A) held that the US Co. was not entitled to the beneficial provisions of the tax treaty. Issue before the Tribunal Whether the requirement of obtaining TRC was mandatory to grant the benefits of the India-USA tax treaty to the non-resident taxpayers? Tribunal’s ruling  The Tribunal observed that as per the provisions of section 90(2) of the Act, the provisions of the Act shall apply only to the extent they are more beneficial to that the taxpayer and the same was often referred to as “treaty override”.  The Tribunal also observed that the provisions of section 90(4) do not start with a non-obstante clause vis-à-vis section 90(2) of the Act. In the absence of such non-obstante clause, the Tribunal has held that section 90(4) cannot be construed as limitation to the tax treaty superiority as stipulated in section 90(2) of the Act. Thereby the Tribunal has held that in the absence of a valid TRC, Tax Insights PwC Page 2 provisions of section 90(4) could not be invoked to deny tax treaty benefits.  Though the requirement to furnish TRC was not mandatory, the Tribunal has, nevertheless, emphasised that the US Co. had to establish that it was a USA tax resident. The onus was on the taxpayer to give sufficient and reasonable evidence to satisfy the requirements of Article 4(1) of the tax treaty, particularly when the same was called into question. The takeaways  This ruling affirms the position that the tax treaty benefits cannot be denied merely on the basis of nonavailability of TRC.  Further it also affirms that, when a non-resident taxpayer has substantiated its residential status by way of sufficient and reasonable documentary evidence, the requirement of furnishing TRC would be persuasive and not mandatory.

There are lot of spelling mistakes in the screen display!

Where do you get the DTAA rates for dividends from listed shares?

Thank you very much for your valuable vedio. But 80C deduction related topic not covered. Is nri eligible to get benefits from 80C or not. Please clarify. Thanking you Sir very much

Is TRC applicable to capital gain on sale of property in india for an OCI?

do you have link for TRC and Form 10 as you mentioned regarding claiming back TDS for past years.

TRC in UAE is most expensive in the world. This TRC requirement should be vanished in India or UAE should lower charges (Not more than $10). UAE is charging nearly Aed2200 which is too much for a common people to take benefit in India under DTAA.

Sir do we need to submit TRC certificate once or it year to year process .... because the cost of TRC certificate is more than Dhs 276 >= INR 5300

Sir, last year I filed my ITR2 for the first time. I did not declare the salary amount earned in Qatar. Can you please clarify whether or nt it is required to declare the amount of Salary earned in Qatar and remitted to my NRE account in India?

From this year, mutual fund houses asking about FIRC declaration ( foreign income proof kind of ) of NRE funds investment while redeeming. Are you aware of it? When investor has invested via his NRE account ( chq or NEFt etc), then what kind of proof the regulators need from NRIs now? If NRIs are asked any such documentation or proof of foreign income, their mutual fund investment may get demotivated.

Dear Sir, I am NRI based in Saudi Arabia. Can I save tax on Indian equity long term capital gain by using DTAA ?

Please someone answer for this scenario: 1. Opened NRE, PIS & trading account 2. Been doing equity trading for 3 years 3. Planning to permanently return to India , so I need to close my NRE & PIS But what will happen to my demat account ?? ( consider zerodha) Should I close it as well ?

Thank you for sharing such an informative video. I am an nri residing in Dubai. I have few investments in shares for which I have received dividend. The total amount of dividend received is less than Rs.5000/- for which tax is deducted at source. My entire income is less than Rs. 2.5 lakhs. In this scenario, should tax be paid for the dividend earned? Is there any maximum amount up to which tax is not payable for dividend? Or is tax payable from the first Rupee of dividend earned?

DTAA rate on dividend income between UK and India

Dear Sir, Thank you for helping us with very useful content every time. Could you please guide me here that I am a resident of UAE for the last 6 years and I have not much but started getting dividend income of Rs. 50000 and no other interest income or to say any other income in India. So do I need to mandatorily file ITR and how? Please help me to understand.

Can an OCI resident in India get benefits of DTAA ?? Plz guide. Thanks.

If a NRI has earned income in India only from FD interest which is less than Tax filing slab let say 2.5 Lac, but TDS is deducted at 30%, while filing return in India all that TDS deducted gets refunded, But while filing return in resident country Let say USA, both NRE and NRO interest income need to be disclosed in the return as Interest income and Tax is charged, can DTAA provide any benefit, since the tax paid in India is refunded but you are liable to pay Tax in resident country at whatever slab you get into there.

Can we use FTC?