2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Belgium
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Brazil
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Germany
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Canada
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Detailed explanation-1: -Double Taxation Avoidance Agreement (DTAA) is an agreement between two countries that the income of non-residents should not be taxed both in their country of origin and in the country in which they live. Model forms were first prepared by the Fiscal Committee of the League of Nations in 1927.
Detailed explanation-2: -As an NRIs in UAE, you are exempted from paying income tax in UAE. You do not have to pay any tased on your UAE Income in India too, under the UAE-India Double Taxation Avoidance Agreement. However, you must pay taxes on any income earned form investments in India.
Detailed explanation-3: -A DTAA is a treaty signed between two or more countries to help taxpayers avoid paying double taxes on the same income. A DTAA becomes applicable when an individual or a business entity is a resident of one country but earns income in another. India signed the DTAA with Australia in 1992 and it was updated in 2013.