Don’t Forget the Second Home in Your Tax Returns
The Income-tax Appellate Tribunal (ITAT) has ruled that Shah Rukh Khan (SRK) has to include notional rent from his Dubai villa in his income-tax returns filed in India. It is reported that SRK had submitted to the ITAT that, under the India-UAE tax treaty, income from immovable property in Dubai would be liable to tax in the UAE and, therefore, he had not offered it to be taxed in India....
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