Introduction If you live in the UAE or Singapore and earn income from India such as dividends from Indian shares, interest on NRI deposits, rental income, or capital gains you may worry about paying tax twice. This can happen because India taxes the income where it is earned, while your country of residence may also tax the same income. To prevent this, India has signed Double Taxation Avoidance Agreements (DTAAs) with both the UAE and Singapore. These agreements ensure that

Without specific DTAA provisions deeming them as shares or explicitly making their gains taxable in India, they cannot be taxed under the same article as shares.