Dear Friends,
As per the amendment of Sec. 90 a Non-Resident cannot claim the benefit of DTAA unless he has a Tax Residency Certificate of the foreign Country. In our case we have a client who is a Resident and has investment Income in Singapore. As per the DTAA with India -Singapore investment income is chargeable @ 15% in India.Will the same status quo continue?????
CAclubindia
