Date: Sat, Mar 2, 2013 at 11:55 AM
Subject: Message from EGroup of SolapurCAs Finance Ministry Clarification Regarding Tax Residency Certificate (TRC)
To: editor@itatonline.org
Dear Subscriber,
Finance Ministry Clarification Regarding Tax Residency Certificate (TRC)
The Finance Ministry has issued a Press Release dated 01.03.2013 clarifying that sub-section (5) of section 90 proposed to be inserted by the Finance Bill 2013 does not mean that the Tax Residency Certificate produced by a resident of a contracting state could be questioned by the Income Tax Authorities in India. It has been emphasized that the Tax Residency Certificate produced by a resident of a contracting state will be accepted as evidence that he is a resident of that contracting state and the Income Tax Authorities in India will not go behind the TRC and question his resident status. It is also clarified that in the case of Mauritius, Circular No. 789 dated 13.4.2000 continues to be in force, pending ongoing discussions between India and Mauritius.
Regards,
Editor,
---------------------
Latest:
No comments:
Post a Comment