Gains from Indian assets are taxed in India first. The US then grants a foreign tax credit to prevent double taxation for its residents.
Capital Gains Treatment
Taxable in India; US allows foreign tax credit
India retains primary taxing rights over capital gains. UK residents can claim relief against their home tax liability via the treaty's credit mechanism.
Capital Gains Treatment
Taxable in India; UK allows foreign tax credit
Recent Income Tax Appellate Tribunal rulings have upheld capital gains exemptions for UAE-resident investors under specific treaty articles — a notable planning advantage.
Capital Gains Treatment
Often exempt in India per treaty & recent ITAT rulings
Certain grandfathered investments and structures retain residence-based taxation, meaning gains may be taxed in Singapore rather than India.
Capital Gains Treatment
Residence-based taxing right in specified cases
Capital gains from Indian securities are taxed at source. Canadian residents offset this through a foreign tax credit on their domestic return.
Capital Gains Treatment
Taxable in India; Canada allows foreign tax credit
India taxes the gain first. Australia's Foreign Income Tax Offset then reduces the investor's Australian tax by the amount already paid in India.
Capital Gains Treatment
Taxable in India; Foreign Income Tax Offset applies
India holds the primary right to tax capital gains under the treaty. German residents can credit that tax against their German liability.
Capital Gains Treatment
Taxable in India; Germany allows foreign tax credit