Income from Real Estate earned in Dubai/ UAE is taxable in India

dubaiBy Dr Sanjay Chaturvedi, LLB, PhD

Accommodation Times News Services

An agreement between the Government of the United Arab Emirates and the Government of the Republic of India for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital has entered into force on the 22nd September, 1993 after the notification by both the Contracting States to each other of the completion of the proceedings required by laws.

Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), section 24A of the Companies (Profits) Surtax Act, 1964 (7 of 1964) and section 44A of the Wealth-tax Act, 1957 (27 of 1957), the Central Government hereby directs that all the provisions of the said agreement shall be given effect to in the Union of India.

Notification :  No. GSR 710(E) [No.9409(F.No.501/3/89-FTD)], dated 18-11-1993 [as amended by Notification No. SO 2001(E), dated 28-11-2007 & Notification No.29/2013 [F.No.503/5/2004-FTD-II], dated 12-4-2013*]

Let us see the provisions of the agreement with respect to Properties and real estate :

Similar Articles

Leave a Reply