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Withholding Tax Options

Posted @ October 4, 2017, 1:08 am under (International Taxation Services)

Following three withholding tax options are available to the resident deductor while making specified payments such as Fee for Technical Services, Interest, Royalty, Payments on transfer of any capital asset:


1.     Avail beneficial rate specified under DTAA, if following conditions are fulfilled:

a.     Submission of Tax Residency Certificate (TRC).

b.     Self certified Form 10F in addition to tax residency certificate.


2.     Avail Concessional rate specified under the Income tax Act, 1961, if following conditions are fulfilled as per Rule 37BC:

a.    Name, Email-ID, contact number

b.    Address in the country of residence

c.    Tax Residency Certificate (TRC)

d.    Tax Identification Number (TIN) in the country of residence or any other unique identification number issued by their Government.


3.     In case above conditions could not be fulfilled, the deductor has to apply withholding tax rate of 20%.



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