Double tax for NRIs if this form is not filed and foreign tax credit is not claimed

Non resident Indian (NRI) taxation: NRIs have to pay double the tax on the same income if their favourable DTAA rates and tax releif claim is rejected. This claim is rejected when the NRI does not submit Form 10F and Tax Residency Certificate (TRC) and also fails to claim foreign tax credit in their resident country. Read below to know more about Form 10F and TRC.

from Tax-Wealth-Economic Times https://ift.tt/DGYMzUr