I am a NRI in Abu Dhabi, UAE.
My income taxable in India is Interest on FDs and Income from House Property in Delhi.
Do I have to obtain Tax Residency Certificate for FY 2013-14?
Also, my Bank is deducting TDS at a higher rate ... Do I obtain TRC for this? or mere filing return and claiming refund will do?
Please advise if I need to obtain TRC !
TRC is necessary if you are avaialing DTAA benefits else only filing will suffice... So if you are paying tax in UAE on the same income which is getting taxed in India and want to get relaxation under DTAA then you need to get TRC.
Thanks , which means, I dont have to get a TRC for this Income on Interest which is being taxed ONLY in India, right?
I can always let the bank deduct tax at a higher rate and Claim it as refund later on?
CAclubindia
