Name: NRI Tax Talk: Reset Your Mutual Fund Cost Before Returning to India
Start: 2026-09-19T12:00:00.000+05:30
End: 2026-09-19T13:00:00.000+05:30
Location: Online Event

Personal

Zenify Consultancy Services

How UAE NRIs can potentially use the India–UAE DTAA to claim capital gains exemption on Indian Mutual Funds

NRI Taxation | FEMA | India–UAE Cross-Border Tax Advisory

🎯 The Opportunity Most UAE NRIs Miss Before Returning to India

, there could be a significant tax-planning opportunity available to you under the 

India–UAE Double Taxation Avoidance Agreement (DTAA).

Depending on your eligibility and facts, capital gains arising on the redemption of Indian mutual fund investments may be eligible for beneficial treatment in India while you are a 

This creates an important planning opportunity:

Redeem → Claim eligible DTAA benefit → Reinvest → Reset your cost of acquisition

before you return to India and become an Indian tax resident

, you may be able to reset the acquisition cost of your mutual fund portfolio closer to its current market value.

Because once you become an Indian tax resident, future appreciation in your mutual fund investments can become taxable in India.

The timing of this exercise can therefore make a substantial difference to your future capital gains tax exposure.

In this practical 60-minute webinar, we will discuss:

✅ How mutual fund capital gains are normally taxed for NRIs in India

 can potentially change the tax treatment

✅ Which mutual fund investments may qualify for DTAA benefit

resetting your cost of acquisition before returning to India

✅ Why returning NRIs should evaluate this opportunity 

✅ How redemption and reinvestment can help establish a new acquisition cost

✅ How to claim DTAA benefit correctly rather than simply assuming the gain is exempt

✅ Whether TDS can be avoided at the time of redemption or needs to be claimed back through an ITR

✅ Practical examples showing the potential tax impact

✅ Common mistakes NRIs should avoid while implementing this strategy

🔍 Special Focus: NRIs Planning to Return to India

If you are planning to relocate from the 

UAE to India in the next few months or years

We will explain how the tax position may change once you return to India and why certain restructuring or redemption decisions may be significantly more tax-efficient while you continue to qualify as a UAE tax resident.

Don’t wait until after you return to India to review your mutual fund portfolio.

A tax-planning opportunity available during your NRI years may no longer be available once your residential status changes.

UAE-based NRIs holding Indian Mutual Funds

📈 NRIs sitting on significant unrealised mutual fund capital gains

🏠 NRIs planning to return permanently to India

✈️ NRIs considering relocation to India in the next 1–3 years

💰 Investors looking to understand India–UAE DTAA benefits

📊 NRIs who have never reviewed the tax efficiency of their Indian investment portfolio

CA. Ajay R. Vaswani is a Chartered Accountant and Fellow Member of ICAI with 

14+ years of specialised experience in NRI taxation, FEMA and international taxation.

He regularly advises NRIs across the UAE, GCC, Singapore and other global jurisdictions on Indian taxation and cross-border financial matters.

Chartered Accountant | Company Secretary | Law & Commerce Graduate

Founder – Zenify Consultancy Services LLC

 through consultations, webinars, seminars and professional engagements

🧠 Known for making complex NRI tax and FEMA regulations practical and easy to understand

FREE India–UAE DTAA Mutual Fund Checklist

covering the key documentation and compliance points to review before claiming DTAA benefit.

If you have accumulated gains in your Indian mutual fund portfolio or are considering returning to India, this is a tax-planning discussion you should attend 

before taking your next investment decision.

Reserve your seat and join us live on Saturday, 19 September 2026.

The webinar is intended for educational and informational purposes. DTAA eligibility and tax treatment depend on an individual's residential status, nature of investment, documentation and specific facts. Participants should obtain professional advice before undertaking any transaction.