Home / Locations / Dubai
Target Practice Coverage
For Non-Resident Indians (NRIs), business owners, and corporate groups based in Dubai and the UAE, managing assets and investments in India involves complex statutory requirements. S R Mahajan & Co serves as your trusted cross-border Indian Chartered Accountant desk, providing expert direct tax advice, FEMA compliance, and repatriation certifications.
Indian Tax & Regulatory Services for UAE Clients:
1. Form 15CA and Form 15CB Foreign Remittance Certifications
Fast-track CA verification and certification required by Indian Authorized Dealer banks to repatriate funds from Indian NRO accounts to Dubai up to USD 1 Million per fiscal year.
2. Property Sale Tax Computation & Lower TDS (Form 13)
Assisting NRI property sellers in obtaining Section 197 Nil or Lower Deduction Certificates from the Income Tax Department to avoid 20% to 23.9% withholding on gross sale consideration.
3. India-UAE DTAA & Tax Residency Advisory
Leveraging Article 13 (Capital Gains) and Article 23 (Elimination of Double Taxation) under the India-UAE Double Tax Avoidance Agreement, supported by UAE Tax Residency Certificates (TRC).
4. Cross-Border Corporate Structuring & FEMA Filings
Foreign Direct Investment (FDI) reporting in Form FC-GPR, Overseas Direct Investment (ODI) compliance, and residential status determinations under Section 6.
Regulatory Notice: S R Mahajan & Co operates strictly as an Indian Chartered Accountancy practice. Statutory audit of mainland UAE incorporated entities requires registration with the UAE Ministry of Economy. Our services encompass Indian taxation, FEMA compliance, and cross-border advisory.
Frequently Asked Questions:
Q: Do I have to pay tax in India if I earn income in Dubai?
Income earned and received in Dubai by a verified NRI is not taxable in India. However, any income accrued or arising in India (rental income, NRO interest, capital gains) remains subject to Indian taxation.
Q: How can I repatriate property sale proceeds from India to Dubai?
Repatriation up to USD 1 Million per financial year is permitted under FEMA regulations, supported by CA-certified Form 15CB and Form 15CA confirming capital gains taxes have been discharged.
Q: What is the consequence of not filing an Indian tax return as an NRI?
Non-filing leads to late fees under Section 234F, penal interest, and inability to claim refunds for excess TDS deducted by banks on NRO deposits or property sales.
At S. R. Mahajan & Co. we are committed to delivering integrity, insight, and value through trusted financial expertise.
We’re here to support your financial journey — get in touch with our team today.
Get expert advice, tax alerts, and industry news in your inbox.
Subscribe to get updates from S. R. Mahajan & Co. today.
