Form 10F- latest amendment

This query is : Resolved

Sonnal Khandaray (Querist)
Follow

08 August 2022 Hi All

Whether form 10F is mandatory for making foreign payments?

Is there any latest notification on the same?

Thanks in advance.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

14 August 2022 As per section 90(4), of Income Tax Act a non resident will be entitled to claimed benefits of Double Taxation Avoidance Agreement (DTAA) Treaties unless he obtained TRC from the Govt of his residence country. TRC should include following details to claimed benefit as per Indian Tax law:
1) Status (Individual, company etc) of the assessee
2) Nationality
3) Assesee tax identification number (TIN) in the country of residence (unique no. in absence of TIN )
4) Period for which residence status is applicable
5) Address of assessee in the country if TRC doesn't contained any one of the above details, then Form 10 applicability arise.
Form 10F is a self declaration by the assessee containing above details.
As per latest amendment, it is to be filed electronically.

For more details refer::
https://www.ey.com/en_gl/tax-alerts/indian-tax-administration-mandates-nonresident-taxpayers-to-furnish-information-electronically-to-avail-double-taxation-avoidance-agreements-benefits

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

rajkumar yadav

madhu sudan

Shivchandra Jakhotia

mohammad.asraf

Anirudh Sharma

Subscribe Now

Form 10F- latest amendment

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA