Artices

🌍 Form 10F & TRC: Must-Knows for Foreign Companies! 💼

📜 What’s the Deal?
If your foreign company earns income in India, the Indian payee might deduct TDS (Tax Deducted at Source). BUT you can avoid higher deductions with Form 10F and a Tax Residency Certificate (TRC).

👀 Why Do You Need These?
1️⃣ Form 10F – Declares key information like your residency and tax treaty benefits.
2️⃣ TRC – Official proof from your home country’s tax authority showing you’re a tax resident there.

💡 How They Help:
👉 Claim reduced TDS rates or exemption under the Double Taxation Avoidance Agreement (DTAA).
👉 Prevent your income from being taxed twice!

⚠️ Pro Tips for Hassle-Free Submission:
✔️ Ensure your TRC is valid and includes all necessary details (like name, tax residency status, and period).
✔️ File Form 10F online via the Income Tax Portal.

🚨 What Happens if You Skip This?
You could face higher TDS rates, slashing your profits! 💸

💬 Got questions about filing Form 10F or TRC? Drop them below or DM us for guidance! ✉️