Friday, March 21, 2025

Non residents getting income tax notices for claiming lower tax rate benefit under DTAA; Know how to resolve this situation

NRI taxation: Many non-resident Indians (NRIs) are receiving Income Tax notice under Section 143 (1) (a) of the Income Tax Act, 1961 because they have claimed a beneficial tax rate (lower or nil rate of tax) under Double Taxation Avoidance Agreement (DTAA) without filing Form 10F. Read below to know how can NRIs save themselves from this notice and what to do to close this tax notice.

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

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