Posted On
11/21/2017
4:12:35 AM
by
George Singh Mathew Yadav
Wonderful indeed. Step by step guide. Thanks a million.......
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Posted On
11/21/2017
9:33:29 PM
by
Amit Thomas
Can someone explain for what purpose we need this? This is something new for me.
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Posted On
11/21/2017
11:00:28 PM
by
Bank Customer
Is it for the purpose of submitting to the bank in India for avoiding TDR ?
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Posted On
11/22/2017
12:13:22 AM
by
A Ch
Actually, till date no need for it, only you need to submit your civil ID copy with the DTAA form at your NRI branch in India, thats it you will get 10% TDS on your NROS insead of 30% TDS.
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Posted On
11/22/2017
2:33:56 AM
by
iNVESTOR
I had a mutual fund and I redeemed last month and I found they deducted TDS. It was an NRI amount. Can I claim the tax deducted? I was under the impression that NRI Mutual fund there is no tax?? Appreciate some input in this. Thanks
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Posted On
11/22/2017
3:54:19 AM
by
Mf Advisor
@ investor You should contact your fund house to change your Status as Nri Repatriable. If your initial investment did from your local sb or nro account TDS will be applicable . Note all investment should be from Nre account then only exception from Tax reduction.
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Posted On
11/22/2017
5:08:26 AM
by
Ten
As per the recent changes introduced by Govt of India, in order to credit annuity to your NRE account, the TRC has to be produced. Else those funds will be credited to your NRO account. So those of you who are currently getting Pension / Money-back etc credited to your NRE accounts, better be ready with this document.
Cheers!!
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Posted On
11/22/2017
9:46:24 PM
by
Investor
@mf Advisor Sir, My MF status was NRI and I got the credit into my NRE A/c but I got the amount after deducting TDS.. Any clue?
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Posted On
6/13/2018
11:18:31 AM
by
J B
Mr. Jose did you utilize the service of any translation center to fill the forms as they are in Arabic and the cover letter has to be in Arabic or English. Also you need to submit Form 10F declaration with the TRC to India right. Can you mention who has to do the verification of Form 10F any government department in Kuwait or self. Thank you.
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Posted On
6/13/2018
11:19:18 PM
by
Jose G.
Dear J B, I did not use the service of any translation center. The person who gave me the form told me what to fill in that Arabic-only form. (He was very polite and helpful, a wonderful change from the kind of behavior we see elsewhere.) That form in Arabic is your personal details, just fill the top two sections: First Section (fields location as seen): Nationality:.... Name:..... Passport #:...... Civil ID #:..... Email ID:..... Tel #:..... Second Section: Name:.... Date:.... Signature:..... I submitted the cover letter in English (very simple request as below): To: The Manager, Tax Liability & Planning Dept. Date: Sub: Request to issure a Tax Residency Certificate 2017-18 Dear Sir, Kindly requesting you to issue a Tax Residency Certificate for me. Financial Year: 2017-18 Name:... Nationality:.. Passport #:.... Civil ID #:... Telephone #:...
Thanking you,
(sd/-) Name
Form 10 was self attested and submitted to my bank and insurance company. This year I have to apply for another TRC, for the FY 2018-19 after I have completed 183 days stay in Kuwait. (This will only be in Nov after deducting my summer vacation days I'll spend outside Kuwait :-) ) Hope this helped.
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Posted On
6/14/2018
3:55:34 AM
by
Sm
Very clear and to the point reply @Jose
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Posted On
6/14/2018
8:31:39 PM
by
J B
That's very helpful Mr. Jose. Thank you.
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Posted On
6/15/2018
9:03:09 AM
by
Scorpio
Even a country like Philippines has retirement benefits for people who pay tax. Wonder y v pay tax In india.
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Posted On
12/7/2018
9:11:33 PM
by
J B
The forms are available in English (3 Forms) also with the Gentleman at back of the counter where the Arabic forms are. (You have to go inside and talk to the 1st Lady on the table or the gentleman who is in the middle and request English Forms for Individual TRC).
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Posted On
5/15/2022
10:51:10 PM
by
SRK SRK
Sir just wanted to know if you have applied for the TRC recently and have the procedures changed should not because everything that you mentioned seems like the bare minimum that one needs for the certificate to be issued.
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