Bought property in UAE? India’s tax alert raises questions for expats

“Bought property in UAE? India’s tax alert raises questions for expats”

Indian expats who own homes, apartments or commercial properties in the UAE may need to check their Indian income tax returns after the Income Tax Department began contacting select taxpayers over potentially undisclosed overseas assets. According to Indian media reports, the department has recently “nudged select taxpayers” who invested in residential or commercial properties in the UAE, urging them to review whether their foreign assets and income have been correctly disclosed in their Indian…