Please note that the list of countries with which we have a DBAA is constantly evolving according to government guidelines, which change from time to time. Therefore, you should check the new list each time to see if any changes have been made or affected. We advise you to take a look at the list regularly. In fact, India is reviewing its DBAA agreements with many countries, which could soon be amended. Arif, who was based in India and Malaysia the previous year, owns real estate (including homes) in Malaysia and India. During the fiscal year, he earned an income of 50 lakhs from rubber plantations in Malaysia. He also sold some real estate in Malaysia, which led to a short-term capital gain of R. 10 Lakhs during the year. Arif does not have a stable branch in India. However, he has rental income of Rs. 6 Lakhs got real estate in India and he has a house in Lucknow, where he lives during his visit to India.
Article 4 of the Double Taxation Convention between India and Malaysia provides that a natural person established in both States Parties shall be deemed to be resident in the Contracting State in which he or she permanently resides. If he is permanently domiciled in both States Parties, he shall be deemed to be established in the Contracting State with which his personal and economic relations are closer (centre of vital interests). Remember that the list of DBAA countries will be constantly evolving due to agreements that are often changed. We advise you to check with your bank about all other details. X (28 years old) is established in India and has his usual domicile. His income amounts to 8,96,000 from a company in India and Rs. 1,92,000 from a store in a foreign country with which India has an ADT agreement. G.S.P.- 1090.-While the attached Convention for the Avoidance of Double Taxation of Income between the Government of India and the Government of the Federal Republic of Germany has been ratified and the instruments of ratification have been exchanged in accordance with Article XX of the said Convention: Dear Sir, I am the unsanitable salary from outside India received in Arabic salary 8 Lakh ps per year calculate income tax in India Fill out the SIR income tax return, I have salary income from the US and I am usually resident in India for the current year….