Quick Summary
A new draft formatForm No. 42has been introduced proposing a detailed application framework for obtaining a Certificate of Residence for the purposes of agreements under Section 159(1) and 159(2). The draft form aims to standardize the information required from applicants seeking a Tax Residency Cer
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FAQ :
The draft Form No. 42 aims to standardise the application process for a Tax Residency Certificate (TRC) under Section 159, by detailing the information required from applicants and improving clarity in documentation.
The draft form requires details such as the applicant's full name and address, PAN, communication details, status (individual, company, etc.), nationality or country of incorporation, period of stay in India, basis for residency claim, and the purpose of obtaining the TRC.
Applicants may need to submit copies of passports, incorporation or registration documents, proof of stay in India, and any other relevant information as annexures.
The verification must be signed by the applicant or an authorised person, who must also provide their designation and PAN details.
The introduction of Draft Form No. 42 is expected to bring uniformity to TRC applications, improve documentation standards, reduce processing ambiguities, strengthen verification, and enhance transparency in treaty-related compliance.
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