Withholding on FII payments: deduction at the lower of statutory rate or applicable treaty rate where TRC is furnished. Withholding on payments to FIIs is amended so that where a payee is entitled to benefits under a double taxation agreement and has furnished the ... Summary
Withholding on FII payments: deduction at the lower of statutory rate or applicable treaty rate where TRC is furnished.
Withholding on payments to FIIs is amended so that where a payee is entitled to benefits under a double taxation agreement and has furnished the prescribed tax residency certificate, tax shall be deducted at the lower of the statutory deduction rate and the rate provided in the agreement for such income; the amendment is prospective from 1 April, 2021.
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TaxTMI 
TaxTMI 
