How can NRIs, residing in any of these countries, take benefit of ‘Double Tax Avoidance Treaty’?
To avail benefit of lower rates of tax as per double taxation avoidance treaty entered in by India, NRIs need to submit the Residency Certificate issued by Tax Authorities of the country of his residence. These documents should be submitted to the designated bank branch at the time of opening the bank account or subsequently. New TDS rate shall be applied only after the acceptance of the Residency Certificate by the designated bank.
To avail benefit of lower rates of tax as per double taxation avoidance treaty entered in by India , NRIs need to submit the Residency Certificate issued by Tax Authorities of the country of his residence. These documents should be submitted to the designated bank branch at the time of opening the bank account or subsequently. New TDS rate shall be applied only after the acceptance of the Residency Certificate by the designated bank.
Related Questions
- Is there any benefit to Americans when their tax dollars are used for cancer research in developing countries?
- How can NRIs, residing in other countries, take benefit of Double Taxation Avoidance Agreements (DTAA)?
- How can NRIs, residing in any of these countries, take benefit of ‘Double Tax Avoidance Treaty’?
