I am an NRI. My family lives with me in Doha. My wife has fixed funds and stock dividends and low interest income. The total income is less than Rs2 Lakh. Is she entitled to a standard tax exemption? Please call me. Click here to read that Mint ePaperMint is now on Telegram. Join the mint channel in your telegram and stay up to date with the latest business news. This document contains the following information: Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the State of Qatar for the Avoidance of Double Taxation and the Prevention of Tax Evasion on Income and Capital Gains: London, 25 June 2009. I currently work in a UK-based company and work from home in India.
I am paid in pounds sterling every week. My question is: can I get double taxation benefits, since I am already in India? In addition, this year I received a bonus for the 2016-17 fiscal year. So, in which FY will be taxable the same thing? The bonus corresponds to the previous year. AGREEMENT ON THE PREVENTION OF DOUBLE TAXATION AND THE PREVENTION OF TAX EVASION WITH AFGHANISTAN While the Government of India and the Government of Afghanistan have reached an agreement. The 1993 Double Taxation Convention between India and the United Kingdom was amended by the Multilateral Instrument (MLI). With regard to the 1993 Double Taxation Convention between India and the United Kingdom, the amendments made by the MLI apply to: since you live in India and do not live or work outside India, you are probably resident in India for income tax reasons. Ref: ISBN 9780101803823, Cm. 8038 PDF, 296KB, 26 pages The Memorandum of Understanding on Arbitration to the 1993 Double Taxation Convention was signed and approved on 19 March 2004. . The agreement entered into force on 14 October 2010. The Convention shall apply in India from 1 January 1994 and in the United Kingdom:. For a person residing in India, income earned anywhere in the world is taxable in India For a person established in India, income earned anywhere in the world is taxable in India.
Therefore, the payment you receive from the UK is taxable in India. If the UK employer withdraws taxes before paying, you can use the double taxation agreement (DBAA) between India and Great Britain. This ensures that your income will not be taxed twice. first in the country of origin of the income and then in the country of residence of the taxable person. “Summary text of the Multilateral Instrument and the 1993 Double Taxation Convention between India and the United Kingdom – in force” was added. . . .