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What You Must Know About India’s New Tax Residence Certificate Rules
Indian tax authorities have introduced new rules specifying the way Tax Residence Certificate (TRC) should be submitted to claim reliefs under relevant tax treaties.
New Tax Residence Certificate Rules for Non-Residents
As per the new rules, the TRC obtained by a non-resident in India from its home country must (along with the general requisites) include:
• The taxpayer’s residential status for taxation,
• The taxpayer’s address for the relevant period, and
• Its applicability period.
New Tax Residence Certificate Rules for Residents
The Indian tax authorities have prescribed a new application format which is to be submitted to the tax authorities to obtain a TRC, and have also provided a new format in which the TRC can be issued.
A business consultant to simplify tax matters overseas
When doing business overseas, it is essential to be familiar with the latest updates pertaining to tax and other regulations as incomplete ...
... knowledge about foreign markets can be a real impediment. Seeking counsel from a professional will ensure that you are taking the right steps towards the fulfillment of your international business expansion.
Taking the help of an expert who has a thorough understanding of the complexities of taxation would ward off all roadblocks. A dependable professional partner in an international expansion can help eliminate the anxieties concerning your overseas expansion project and allow you to focus on building your business.
Businesses performing under financial constraints can take cues from the experts to avoid unnecessary hassles. They have up-to date information on how to keep up with the ever changing laws as well as provide assistance in other areas like global transfer pricing etc.
Read more on - international accounting , sas compliance
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