Hello Pankaj, While making payment to a company situated outside India against purchase of electronic goods, is it mandatory that we need to get the Tax Residency Certificate (TRS) from the payee?
1 Answers
Tax residency certificate should not be applicable here in case of purchase of goods.
Can you tell me where and under which situation it will be applicable?
Its required by all foreigners to furnish a tax residency certificate of their home country to claim benefits under the double taxation avoidance agreement. Here in case of purchase there should not be any question of double taxation avoidance.
Thanks Pankaj :)
Related
Hi Pankaj, Basically I need to know the applicability of TRC. Who has to obtain the TRC and from whom? And on what situations the TRC needs to be obtained?