News & Media 6th Jan 2024

Supreme Court To Decide On Validity Of TRCs As Sufficient Proof To Claim DTAA Benefits

Authors

Rahul Charkha Partner | Pune

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Foreign investors might be staring at uncertainties with respect to benefits under Double Taxation Avoidance Agreements, as the Supreme Court has issued a stay on the position that a valid Tax Residency Certificate is sufficient proof to claim tax benefits under a DTAA. The Income Tax Act requires that benefits under a DTAA only be available to a non-resident who furnishes a valid TRC, issued by a competent authority of the country of residence.

Varun Gakhar from NDTV Profit writes on “Supreme Court To Decide On Validity Of TRCs As Sufficient Proof To Claim DTAA Benefits” with expert comments from our Partner Rahul Charkha.

Read the detailed comments here