Trc

Dear Friend,

With effect from financial year 2012-13, India made it mandatory for all foreigners, including non-residents to obtain a Tax Residency Certificate with certain prescribed details from their country of residence in order to claim benefits of the Double Taxation Avoidance Agreement (DTAA).

The complete notification for this was released in September 2012, and hence financial year 2013-14 is the first full year when this will become applicable.

so it is advisable to get this TRC to avoid higher rate deduction of TDS

Regards

Praveen

So, it is only higher rate of TDS?
I can always claim the excess deduction as refund later on?