16 August 2023
when the tax residency certificate is required when we are paying some other entity in foreign .
suppose a uk company raise a invoice to indian company so when we required the tax residency certificate FROM THEM ? AT the time of receiving the invoice or at the time of making the payment to the bank . please share the section also .
16 August 2023
At the time of making the payment. It's not required in case of foreign company as they are registered outside India. 10FA. [See rule 21AB (3)]. Application for Certificate of residence for the purposes of an agreement under section 90 and 90A of the Income-tax Act, 1961.
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