NRI Tax Talk: Reset Your Mutual Fund Cost Before Returning to India
How UAE NRIs can potentially use the India–UAE DTAA to claim capital gains exemption on Indian Mutual Funds
📅 Saturday, 19 September 2026
🕛 10:30 AM UAE Time | 12:00 PM IST
⏱️ Duration: 60 Minutes
💻 Mode: Online – Google Meet
🎤 Speaker: CA. Ajay R. Vaswani
NRI Taxation | FEMA | India–UAE Cross-Border Tax Advisory
🎯 The Opportunity Most UAE NRIs Miss Before Returning to India
If you are an NRI living in the UAE and hold investments in Indian Mutual Funds, 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 UAE tax resident.
This creates an important planning opportunity:
Redeem → Claim eligible DTAA benefit → Reinvest → Reset your cost of acquisition
By undertaking appropriate tax planning 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.
Why does this matter?
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.
📌 What You Will Learn
In this practical 60-minute webinar, we will discuss:
✅ How mutual fund capital gains are normally taxed for NRIs in India
✅ How the India–UAE DTAA can potentially change the tax treatment
✅ Which mutual fund investments may qualify for DTAA benefit
✅ The concept of resetting your cost of acquisition before returning to India
✅ Why returning NRIs should evaluate this opportunity before their residential status changes
✅ 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
✅ Documentation required, including:
UAE Tax Residency Certificate (TRC)
Form 10F / 41 applicable tax declarations
PAN and KYC requirements
AMC documentation
Income-tax return reporting
✅ 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, this session is particularly relevant.
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.
👥 Who Should Attend?
This webinar is ideal for:
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
🎤 About the Speaker
CA. Ajay R. Vaswani
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
Professional presence across India and the UAE
🌍 Has interacted with and advised 10,000+ NRIs across 20+ countries through consultations, webinars, seminars and professional engagements
🧠 Known for making complex NRI tax and FEMA regulations practical and easy to understand
🎁 Attendee Bonus
All attendees will receive a:
FREE India–UAE DTAA Mutual Fund Checklist
covering the key documentation and compliance points to review before claiming DTAA benefit.
🔗 Limited Registrations
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.
📅 19 September 2026
🕛 12:00 PM IST | 10:30 AM UAE
💻 Online via Google Meet
Disclaimer:
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.
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