What Is Tax Residency Certificate (TRC)? Eligibility & Benefits
Today, businesspeople have a good scope of earning money in more than one country. Opportunities for cross-border transactions and overseas investments are plenty. Business people face problems in managing tax liabilities, which have become more complex. The business people face the problem of paying tax at 2 countries on the same income. It is an unnecessary financial burden. DTAA agreements prevent double taxation situations. India has DTAA with major countries. It is a great relief.Excellent benefits are possible for the taxpayers with DTAA.