Introduction:
The Double Taxation Avoidance Agreement (DTAA) serves as a crucial tool for Non-Resident Indians (NRIs) in Ponda, Goa, and Pune, Maharashtra, to minimize the impact of double taxation on their global income. By obtaining a Tax Residency Certificate (TRC), NRIs can leverage the agreements made between India and various countries to avoid being taxed twice. In this blog post, we will explore an exhaustive list of countries covered under DTAA and how TRC can help NRIs in Ponda, Goa, and Pune, Maharashtra, avoid taxation.
Countries Covered under DTAA:
The following table provides an exhaustive list of countries that have signed DTAA agreements with India:
Countries |
---|
Australia |
Austria |
Bangladesh |
Belarus |
Belgium |
Brazil |
Bulgaria |
Canada |
China |
Cyprus |
Czech Republic |
Denmark |
Egypt |
Estonia |
Finland |
France |
Germany |
Greece |
Hong Kong SAR |
Hungary |
Iceland |
Indonesia |
Ireland |
Israel |
Italy |
Japan |
Kazakhstan |
Kenya |
South Korea |
Kuwait |
Latvia |
Lithuania |
Luxembourg |
Malaysia |
Malta |
Mauritius |
Mexico |
Mongolia |
Morocco |
Myanmar |
Netherlands |
New Zealand |
Norway |
Oman |
Philippines |
Poland |
Portugal |
Qatar |
Romania |
Russia |
Saudi Arabia |
Serbia |
Singapore |
Slovakia |
Slovenia |
South Africa |
Spain |
Sri Lanka |
Sweden |
Switzerland |
Taiwan |
Tanzania |
Thailand |
Trinidad and Tobago |
Tunisia |
Turkey |
UAE (United Arab Emirates) |
Uganda |
Ukraine |
United Kingdom |
United States of America (USA) |
Uzbekistan |
Vietnam |
Zambia |
Zimbabwe |
Role of TRC in Avoiding Taxation:
To avail the benefits of DTAA, NRIs in Ponda, Goa, and Pune, Maharashtra, must obtain a Tax Residency Certificate (TRC) from the tax authorities of their resident country. The TRC serves as evidence of residency and establishes eligibility for tax benefits under the DTAA. By providing the TRC, NRIs can avoid being taxed on the same income in both the resident country and the source country.
Assistance from Manisha Mohol and Associates in Ponda, Goa, and Pune, Maharashtra:
Manisha Mohol and Associates specialize in assisting NRIs in Ponda, Goa, and Pune, Maharashtra, with obtaining the Tax Residency Certificate (TRC). Our expert team helps NRIs navigate the complexities of the process, ensuring compliance with the required documentation and procedures. By availing the services of professionals in Ponda, Goa, and Pune, Maharashtra, NRIs can streamline the TRC application process and maximize their tax benefits under the DTAA.
Conclusion:
The Double Taxation Avoidance Agreement (DTAA) serves as a significant tool for NRIs in Ponda, Goa, and Pune, Maharashtra, to mitigate the impact of double taxation on their global income. By obtaining a Tax Residency Certificate (TRC),
Reference read: https://incometaxindia.gov.in/pages/international-taxation/dtaa.aspx
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