{"id":14454,"date":"2020-10-20T17:34:58","date_gmt":"2020-10-20T12:04:58","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=14454"},"modified":"2020-10-22T15:17:21","modified_gmt":"2020-10-22T09:47:21","slug":"tax-residency-certificate","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/tax-residency-certificate\/","title":{"rendered":"Tax Residency Certificate (TRC)"},"content":{"rendered":"\n<p class=\"has-drop-cap\">A tax residency certificate (TRC) is issued to verify which country the citizen belongs. The TRC is considered to be a must have certificate for any such resident whose income has strings attached to more than one country.<\/p>\n\n\n\n<p>Usually it is considered difficult to obtain any such relevant tax residence certificate for taxpayers of the country. However, the tax authorities may refuse to grant such tax residence certificate if any document fails to achieve any required criteria.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a8bccad0f2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a8bccad0f2\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/tax-residency-certificate\/#Overview_of_TRC\" title=\"Overview\nof TRC\">Overview\nof TRC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/tax-residency-certificate\/#Requirements_to_File_Form_10_FA\" title=\"Requirements to File Form 10 FA\">Requirements to File Form 10 FA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/tax-residency-certificate\/#Validity_of_Tax_Residence_Certificate_TRC\" title=\"Validity\nof Tax Residence Certificate (TRC)\">Validity\nof Tax Residence Certificate (TRC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/tax-residency-certificate\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Overview_of_TRC\"><\/span>Overview\nof TRC<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In order to avoid double taxation on an income any resident can take advantage of <strong>\u201cDouble Taxation<\/strong> <strong>Avoidance Agreement (DTAA)\u201d<\/strong> signed between the countries. However, TRC discards the probability of double taxation by applying relevant DTAA along with the benefits stated therein. <\/p>\n\n\n\n<p>In order to seek DTAA benefits for Indian citizen it is necessary to obtain a Tax Residency Certificate (TRC).<\/p>\n\n\n\n<p>&nbsp;However, in case of non resident Indian in\norder to seek the benefits stated in DTAA one might need TRC to submit to their\nnative country.<\/p>\n\n\n\n<p>To obtain a <strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/tax-residency-certificate\/\">Tax Residency Certificate in India<\/a><\/span><\/strong> the residents had to fill <strong>Form<\/strong> <strong>10FA.<\/strong> Similarly, the TRC in respect to the foreign country residents could be obtained from the relevant tax authority.<\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/complete-guide-to-income-tax-return-filing\/\">A Complete Guide to Income Tax Return Filing\n<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Requirements_to_File_Form_10_FA\"><\/span>Requirements to File Form 10 FA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Information-under-Form-10-FA.jpg\" alt=\"Requirements to File Form 10 FA\" class=\"wp-image-14455\" width=\"507\" height=\"291\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Information-under-Form-10-FA.jpg 1000w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Information-under-Form-10-FA-300x173.jpg 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Information-under-Form-10-FA-768x442.jpg 768w\" sizes=\"(max-width: 507px) 100vw, 507px\" \/><\/figure><\/div>\n\n\n\n<p>Tax payer citizens or resident of\nIndia can get TRC immediately by producing a request in Form 10 FA to tax\nprofessionals. The form required information such as:<\/p>\n\n\n\n<ul><li>Surname,<\/li><li>Address\nof taxpayers,<\/li><li>Purpose\nfor having residency in India, and<\/li><li>Time\nduration for which TRC is required.<\/li><\/ul>\n\n\n\n<p>Once the application form\nis received along with all the approved documents, the tax professionals will\ncheck the data and then publish a TRC in <strong>form\n10 FB<\/strong><sup><a href=\"http:\/\/www.nalog.gov.by\/uploads\/folderForLinks\/%D0%98%D0%BD%D0%B4%D0%B8%D1%8F_%D1%81%D0%B5%D1%80%D1%82%D0%B8%D1%84%D0%B8%D0%BA%D0%B0%D1%82.pdf\"><strong><em>[1]<\/em><\/strong><\/a><\/sup>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Validity_of_Tax_Residence_Certificate_TRC\"><\/span>Validity\nof Tax Residence Certificate (TRC)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Once issued, a TRC is considered to\nbe valid for one financial year and no other such document in lieu of TRC is\nconsidered for availing DTAA benefits. Thus, it is considered mandatory to\nsubmit TRC every year in order to avail the benefits related to DTAA.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In order to keep a check on the taxpayers of the country thus it is necessary for the residents to file for the Tax Residence Certificate. To conclude it can rightly be said that TRC discards any such probability of double taxation along with the benefits stated therein.<\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/all-about-professional-tax-registration-in-india\/\">All about Professional Tax Registration in India<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A tax residency certificate (TRC) is issued to verify which country the citizen belongs. The TRC is considered to be a must have certificate for any such resident whose income has strings attached to more than one country. Usually it is considered difficult to obtain any such relevant tax residence certificate for taxpayers of the [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":14456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[416],"tags":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/14454"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=14454"}],"version-history":[{"count":13,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/14454\/revisions"}],"predecessor-version":[{"id":14516,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/14454\/revisions\/14516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/14456"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=14454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=14454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=14454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}