2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Thailand
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USA
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China
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Singapore
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Detailed explanation-1: -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.
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: -3) General Definitions – Article 3 of DTAA generally covers general definition of Person, Company, contracting state, Enterprise of a contracting state, Competent Authority, national etc, which all are applicable to the respective DTAA.