# India Tax Desk for NRIs in Singapore

> Singapore generally exempts foreign-sourced income received by resident individuals (other than through partnerships), so Indian rent, interest and capital gains of Singapore-resident NRIs are usually taxed only in India. That makes the Indian return the main filing: claiming refunds of excess TDS, using treaty rates where they apply, and reporting capital gains on Indian property and shares.

Practice: Country Tax Desks for NRIs — https://www.industax.com/services/country-tax/

Since India and Singapore amended their treaty in 2016, capital gains on Indian shares acquired after April 2017 are taxable in India. NRO interest TDS can often be reduced using treaty rates with a Singapore TRC and Form 41 (formerly 10F).

We file the Indian return, manage TDS refunds and treaty claims, and handle property sales and repatriation.

## Key facts

| Item | Detail |
| --- | --- |
| Singapore | Foreign-sourced income generally exempt for individuals |
| India | NRI taxed on Indian income |
| Shares | Indian capital gains taxable in India post-2017 |
| Treaty claims | Singapore TRC + Form 41 |

## Who needs this

- Indian professionals in Singapore
- Singapore PRs with Indian investments
- NRIs selling Indian property

## What's included

- Indian ITR
- Treaty claims and TDS refunds
- Property sale support

## Documents

- AIS/26AS
- Singapore TRC
- Indian investment statements

## Process

1. **Review** — Indian income and treaty position.
2. **File** — ITR with refunds.
3. **Plan** — Investments and repatriation.

## FAQs

### Do I pay Singapore tax on Indian rent?

Generally no, since foreign-sourced income received by Singapore-resident individuals is exempt, unless received through a partnership in Singapore.

### Can I get lower TDS on NRO interest?

Yes, by providing a Singapore TRC and Form 41 to the bank to apply the treaty rate.

### Are my Indian shares' gains taxed in India?

Yes, for shares acquired after 1 April 2017, under the amended treaty.

## Official sources

- IRAS Singapore: https://www.iras.gov.sg/
- Income Tax Department — DTAAs: https://www.incometaxindia.gov.in/

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Canonical page: https://www.industax.com/services/country-tax/nri-tax-singapore
Publisher: Indus Tax — CA-led tax and compliance firm (https://www.industax.com). Contact: info@industax.com, 9059139258.
This is general information, not advice for your specific facts.