I-T department tries new tack to test FPI ‘substance’Indian tax authorities are scrutinizing foreign portfolio investors (FPIs) from Mauritius, requesting their tax residency certificate (TRC)...
Double tax for NRIs if this form is not filed and this is not claimedNon resident Indian (NRI) taxation: NRIs have to pay double the tax on the same income if their favourable DTAA rates and tax releif claim ...
What is a Tax Residency Certificate & how can NRIs get theirs?NRIs earning income from multiple countries face potential double taxation issues. To address this, countries establish Double Taxation Avo...
SC ruling to decide fate of TRCs, tax notices to investorsThe apex court this week has given an interim stay on a significant Delhi High Court ruling in early 2023 that a tax residency certificate ...
FPIs, foreign VCs pin hopes on tax residency proof to avoid hitThe adequacy of TRC has often been questioned by the Income tax (I-T) department on the grounds that investing entities were mere dummies s...
Cognizant asks shareholders to reject mini-tender offer from TRC CapitalIn a filing to stock exchanges, Cognizant said it did not endorse TRC's "unsolicited" mini-tender offer and urged shareholders to reject th...
Cognizant asks shareholders to reject “mini-tender” offer by TRC Capital for minority stakeTRC Capital has made similar such mini-tender offers to buy out stock in a number of Fortune 500 companies such as Wal-Mart Stores and Lowe...
How NRIs can claim tax benefits under DTAANRIs residing in any of the DTAA countries can avail of benefits provided under DTAA by timely submission of residency certificate.
Budget 2015: Arun Jaitley likely to prescribe threshold for furnishing of Tax Residency CertificateThe move, according to sources, will remove the administrative burden for companies seeking overseas investments in smaller quantities.
Tax residency certificate to be accepted as residency proof: FM to foreign investorsChidambaram today said the TRC issued by a foreign government will be accepted as proof of residency for availing benefits under tax treati...
Indian Americans: How to get your 2013 Tax Residency CertificateThe India-US DTAA allows residents of the US who have income from India to pay a lower amount of tax in India provided tax on the same is p...
Senior Finance Ministry officials meet FIIs; TRC, other issues discussedSenior Finance Ministry officials, including Revenue Secretary Sumit Bose, today sought feedback on tax-related issues from foreign investo...
Budget 2013: Ready to defend any number in Budget, 6.5% GDP growth achievable, says P ChidambaramConfident that RBI has taken note of his budget speech, P Chidambaram said that a cut in interest rates will help in achieving 6.5% GDP gro...
FM P Chidambaram to address concerns over TRC during budget debateThe Ministry said nothing new has been done with regards to TRC and FM would clarify govt's position during debate on the Finance Bill.
How Non-Residents in India can claim tax relief under Double Taxation Avoidance AgreementA tax resident of a tax treaty country (say US) can claim tax exemption on his salary income in India for his short stay in India irrespect...
Tax residency certificate now mandatory for foreign investorsAll foreign investors will have to produce tax residency certificates of their base nation to claim benefits under the double taxation avoi...
- Post Vodafone verdict, govt to clamp down on mauritius deals
The TRC is considered to be proof that an investor is a resident of Mauritius and thus entitled not to pay capital gains tax under the Indo...