My personal CA is confused with this.
I am planning on incorporating my company in Singapore.
Singapore has zero capital gains tax and zero dividend tax.
India and Singapore have Double Taxation Avoidance Agreements.
Let’s say I am selling an asset of the company and it’s considered as capital gains.
If I take the money back to my personal account in India do I have to pay tax on that?
Or if I dividend out the profit back to my Indian personal account do I have to pay tax on that?
I am asking this question because of the Double Taxation Avoidance Agreements between both countries.
Thank You
CAclubindia
