TRC sufficient evidence for accepting status of residence as well as beneficial ownership for applying India-Mauritius tax treaty

 

In a recent decision, the Punjab & Haryana High Court has held that a Tax Residency Certificate (TRC) issued to a Mauritian company by the Mauritian Tax Authorities shall be sufficient evidence of its residency in Mauritius, and accordingly, the Mauritian company would be eligible for relief under the India-Mauritius double taxation avoidance agreement (tax treaty).