NRI tax return error correction
An NRI in UAE can fix wrongly claimed capital gains tax exemption in ITR.
In brief
An NRI in UAE can fix wrongly claimed capital gains tax exemption in ITR. An NRI in UAE can correct a tax exemption error on Indian shares by filing an updated return for FY 2026-27. Originally reported by mint.
Tax error in UAE
An NRI in UAE mistakenly claimed treaty relief on gains from Indian shares and mutual funds.
Tax treaty rules
Capital gains from shares are taxable in India under treaty, mutual fund gains taxable in UAE.
Exemption error
The exemption claimed on shares was incorrect, but mutual fund gains were correctly exempted.
Revised return deadline
The revised return deadline for FY 2024-25 passed on 31 december 2025.
Updated return option
Filing an updated return for FY 2026-27 corrects the error with 25% additional tax.
Here's the gist
An NRI in UAE can correct a tax exemption error on Indian shares by filing an updated return for FY 2026-27.
