Form 10F

1. FORM 10F Section 195 of the Income Tax Act requires tax deduction on payments to non-residents, with compliance through Form 15CB (CA certificate) and filing of Form 15CA. The key document for Form 15CB is the Tax Residency Certificate (TRC), which establishes payee status, determines taxability, and enables DTAA benefits. WHAT IS FORM 10F ? Form 10F is a self-declaration filed by non-resident taxpayers to avail DTAA benefits in India. While the TRC confirms residency, Form 10F supplements it by providing additional details such as nationality, tax identification number, and period of residency. Together, TRC and Form 10F enable correct tax treatment and help avoid double taxation on cross-border income. BENEFITS OF FORM 10F 1.DTAA Benefits – Enables non-residents to claim reduced tax rates or exemptions under Double Taxation Avoidance Agreements. 2.Supplement to TRC – Provides additional details not covered in the Tax Residency Certificate, ensuring complete documentation. 3.Prevents Double Taxation – Helps avoid paying tax on the same income both in India and the resident country. 4.Compliance Assurance – Ensures adherence to Indian Income Tax Act requirements for foreign remittances. 5.Smooth Processing – Facilitates timely remittances and reduces chances of payment delays due to missing documentation. 6.Reduced TDS Liability – Allows deductors to apply concessional tax rates instead of standard higher with holding. At SKMC Global assists businesses in preparing and filing Form 10F accurately, ensuring compliance with Indian tax laws. We help non-residents seamlessly claim DTAA benefits while reducing tax risks and administrative hassles. +91 989-125-5499 info@skmcglobal.com www.skmcglobal.com