Want relief from double taxation on foreign income under DTAA? Know how to apply for residency certificate using Form 42
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian residents earning income abroad can now apply for a Tax Residency Certificate using Form 42.
- ✓Under the Income-tax Act, 2025, taxpayers use this online process to claim benefits under a Double Taxation Avoidance Agreement.
- ✓Registered users with a valid PAN can submit their applications through the official e-filing portal.
Story at a Glance
- Category
- BUSINESS
- Reported By
- mint
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Indian residents earning income abroad may need a Tax Residency Certificate to claim benefits under tax treaties. The Income Tax Department allows eligible taxpayers to apply online under the Income-tax Act, 2025. Here's how Form 42 works, who can apply and what to know before filing.
Indian residents earning income from overseas may need a Tax Residency Certificate (TRC) to claim tax benefits under a Double Taxation Avoidance Agreement (DTAA).
Under the Income-tax Act, 2025, applicants can apply for the certificate online through the e-filing portal using Form No. 42. Here is what taxpayers need to know about tax residency, DTAA benefits, and the application process.
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