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COUNTRY NAME | DTAA RATE |
UNITED STATES OF AMERICA | 15% |
UNITED KINGDOM | 15% |
CANADA | 15% |
AUSTRALIA | 15% |
GERMANY | 10% |
SOUTH AFRICA | 10% |
NEW ZEALAND | 10% |
SINGAPORE | 15% |
MAURITIUS | 7.5% TO 10% |
MALAYSIA | 10% |
UAE | 12.5% |
QATAR | 10% |
OMAN | 10% |
THAILAND | 25% |
SRI LANKA | 10% |
RUSSIA | 10% |
KENYA | 10% |
Some NRIs do invest in Insurance policies (ULIPs etc) in India and on the redemption of policy, Insurance companies deduct TDS on the payment of the said amount.
A Non-Resident Indian is required to disclose such income to the IT Department via filing an ITR with the exact amount of income element of the Insurance Policy and also claim TDS.
Some investments that can be made in India are –
Where the income from the above sources is also taxable in the NRI’s country of residence, they can apply for DTAA, to avoid payment of taxes on it in India by availing the benefits of DTAA.
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