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INCOME TAX TRC
ITR filing 2026: Foreign income and overseas assets? Avoid these 7 costly disclosure mistakesReturning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from t...- Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
- Is tax clearance mandatory before foreign travel? What the Income-Tax Act, 2025 saysThe introduction of Form 157 and Form 159 under the Income-Tax Rules, 2026 has sparked confusion over whether tax clearance is now mandator...
- UAE residents investing in Indian mutual funds: Key Indian tax rules you must follow to claim India-UAE DTAA benefitsUAE residents investing in Indian mutual funds can claim tax benefits. They must obtain a Tax Residency Certificate (TRC) from the UAE. Fil...
- 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)...
- NRIs getting income tax notices for claiming lower tax rate benefit under DTAA; Know how to resolve this situationNRI taxation: Many non-resident Indians (NRIs) are receiving Income Tax notice under Section 143 (1) (a) of the Income Tax Act, 1961 becaus...
- 5 ways Budget 2025 can simplify income tax rules for NRIsBudget 2025 could simplify tax compliance for NRIs by addressing procedural challenges, such as setting thresholds for Tax Residency Certif...
- 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...
- Decoding tax rules for NRIs working remotely from India for foreign employersThe pandemic led to work flexibility, impacting NRIs with significant tax implications. The article discusses tax laws, DTAA, Act exemption...
- Salary earned by a 'non-resident' overseas cannot be taxed in India, tribunal rulesThe Income Tax Appellate Tribunal (ITAT) ruled in favor of a salaried individual working abroad, stating that his overseas income should no...
- ‘Non-resident’ gets tax relief on overseas incomeIn this case, which was heard by the ITAT Delhi bench, Devi Dayal was deputed by his employer — an Indian company engaged in digital techno...
- 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...
- 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.
- 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...
- Budget 2013: Government allays fears on Mauritius Tax Treaty, clarifies TRC enough proofClarification puts to rest fears raised after the Budget that cos routing investment through Mauritius would face greater scrutiny from tax...
- 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...
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