Mututal Funds-Dubai
This query is : Resolved
24 May 2021
Hi All
One of my clients has invested in one of the funds in Dubai in 2015. At that time he was a NRI.
Now he wish to withdraw the money invested. How will be taxation in Dubai and India of the same?
Thanks in Advance.
One of my clients has invested in one of the funds in Dubai in 2015. At that time he was a NRI.
Now he wish to withdraw the money invested. How will be taxation in Dubai and India of the same?
Thanks in Advance.
24 May 2021
No specific exchange control regulations are imposed in the UAE. Funds can be repatriated and certain tax-related matters for funding forms including debts, equity or securities may be considered on a case-specific basis.
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