Payment of royaty under foreign technical colloboration

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94 Points Posted on 23 December 2014

Dear Experts,

1.Whether obtaining TCR certificate is mandatory for payment of royalty under foreign technical colloboration.

2.TCR certificate procedure was in the earlier FERA,act is the same continuing under FEMA

3.Who can issue a TCR certificate i.e only the Company's Auditors or any practising CA

Thanks

Anand

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On 23 December 2014 at 20:15 Report
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Posted on 23 December 2014
Tax Residency certificate (TRC) is required to get benefit of DTAA provisions over Income Tax Act of India. The same is not mandatory unless you need benefit of Section 90. The form and method for acquiring the same is in Rule 21AB. It is issued by the government of the country where such foreign entity is situated(resident) and not by a CA.
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On 23 December 2014 at 20:46
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94 Points Posted on 29 December 2014

Thanks for the reply sir,,,,,but my question was about TCR certificate for payment of royalty under foreign technical collaboration under FEMA

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On 29 December 2014 at 17:30

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