Hello

[Deepa Ahire]

Dear All,

Has anybody applied for TRC ? If Yes what is the procedure and documents required ?

One of My client is signing a service contract with Australian Company

Australian Country is going to withhold tax @ 32%

Can we apply for TRC and take the benefit of DTAA betwen India and Australia? and ask to withhold tax as per DTAA

How to claim Foreign Tax credit in India for Indian Resident ? What are documents to be obtained from the foreign deductor to claim the foreign Tax credit? 

As per my knowledge following documents are required

Documents requirement to claim FTC

1.      Form 67 fully verified and certified by a Charted Accountant (CA) on or before furnishing the return of income u/s 139(1).

2.      Produce a certificate that includes (i) Nature of the income and (ii) the amount of TDS given by the

• Tax authority of that country, or
• Person responsible for deduction of tax, or
• Signed by the assessee.

     3. An acknowledgment of online payment or challan or bank information as a proof of payment of tax.

Regards

Deepa Ahire