Readers’ forum: Foreign income from Indian mutual funds gains and income

Indian income

My client is not domiciled in the UK as a matter of general law but has been in the UK for at least 15 of the last 20 years and is deemed to be UK domiciled for income tax purposes.

He is in receipt of income from a number of Indian sources including bank interest dividends and long-term gains from Indian mutual funds. These were received under deduction of tax under the Indian tax deducted at source (TDS) rules and on submission of his tax return a repayment of some of the withholding tax was made.

I am now completing his UK tax return. It is my understanding that the long-term gains from the mutual funds will be classed as being from non-reporting funds. Can readers with experience of these funds confirm this? I assume that these long-term gains will be taxable as income rather than...