Self-declaration of info allowed for double

The finance ministry on Tuesday allowed foreign investors the flexibility to make self-declaration of information that their home countries do not certify for seeking benefits under double tax-avoidance agreements with India.The Central Board of Direct Taxes (CBDT) has notified a set of information requirements that could be declared by foreign investors in a specified form for availing treaty benefits. In the 2002 Finance Act, the government had insisted that investors furnish a tax-residency certificate (TRC) from their home country governments containing all the information that India wants. This requirement, however, was eased early this year, making it sufficient to give the TRC in the format issued by various governments. India also made it clear that any further details it wants can be furnished by the investor separately.

Source : Financial Express