Wednesday, 26 September 2012

Tax Residency Format prescribed

India Goverment has amended section 90 & Section 90A of the Income tax Act vide finance Bill 2012 to  provide that submission of Tax Residency Certificate containing prescribed particulars, as a necessary but not sufficient condition for availing benefits of the agreements referred to in these Sections. The amendment will come into effect from from 1st April, 2013 and will, accordingly, apply in relation to the assessment year 2013-14 and subsequent years.
Government has now vide notification No. NOTIFICATION NO. 39/2012 [, DATED 17-9-2012 released the following forms which are applicable from  1st day of April, 2013 :-
FORM No. 10FA - Application for Certificate of residence for the purposes of an agreement under section 90 and 90A of the Income Tax Act, 1961
FORM No. 10FB -  Certificate of residence for the purposes of section 90 and 90A

To read the complete notification - Click here -

http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=NOTF&schT=&csId=bba582f2-078a-481c-a646-f0851f030145&NtN=&yr=ALL&sec=&sch=&title=Taxmann - Direct Tax Laws

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