Double Taxation Avoidance for NRIs – A Complete Guide for Stress-Free Taxation
Double Taxation Avoidance for NRIs – How to Legally Avoid Paying Tax Twice For Non-Resident Indians (NRIs) , managing income across multiple countries often leads to a complicated challenge known as double taxation . Simply put, this occurs when income earned abroad is taxed both in India and the country of residence. Thankfully, India has signed Double Taxation Avoidance Agreements (DTAAs) with many countries to help NRIs avoid this burden. As a trusted NRI tax consultant in India , we break down how double taxation avoidance works and what steps NRIs need to take to stay compliant while minimizing tax liability. What Is Double Taxation and How Can NRIs Avoid It? Double taxation typically affects NRIs who: Earn income in India (rent, capital gains, interest, etc.) Are also taxed on global income in their country of residence India has signed DTAA treaties with over 85 countries including the USA, UK, Canada, UAE, and Australia. These treaties provide relief in two...