A
To act as a license issued by the Reserve Bank of India for outward foreign direct investments
B
To certify that a foreign company has paid all its Goods and Services Tax dues in India
C
To verify an entity's fiscal residence in a foreign jurisdiction for treaty benefits
D
To exempt domestic corporations entirely from indirect tax transfers under bilateral trade agreements
Correct answer: (c) To verify an entity's fiscal residence in a foreign jurisdiction for treaty benefits
Explanation
A Tax Residency Certificate is a document issued by a foreign tax authority verifying an entity's fiscal residence to claim benefits under DTAAs. Options B, C, and D are incorrect as they misstate the scope of a TRC regarding GST, RBI licensing, or domestic indirect tax exemptions.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2022 · Q74 · UPPGS
Consider the following statements about farm subsidies in India. 1. The input subsidies in India, such as on fertilizers fall under indirect farm subsidies. 2. Reduction in Power and irrigation bills offered to farmers fall under direct farm subsidies. 3. The agricultural provisions of the World Trade Organization (WTO) though allow direct farm subsidies, prohibit indirect subsidies. 4. All subsidies provided by the governments in India fall under the indirect subsidies. Select the correct answer from the code given below: -
2025 · Q23 · UPPGS
Which of the following pairs is/are NOT correctly matched? (Tribe) (Habitat) 1. Bushman - Kalahari Desert 2. Eskimo - Northern Canada 3. Pygmy - Congo Basin 4. Masai - West Africa Select the correct answer from the code given below: -
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With reference to Mangrove Initiative for Shoreline Habitats and Tangible Income (MISHTI), which of the following statements is/are correct? 1. It was initiated in 2019. 2. It aims to restore Mangrove forests. Select the correct answer from the code given below: -
2025 · Q142 · UPPGS
Match List-I with List-II and select the correct answer from the code given below the lists. List-I (Sustainable Development Goal) List-II (Goal area) A. Goal 1 1. Clean water and sanitation B. Goal 3 2. Quality education C. Goal 4 3. End poverty in all its forms D. Goal 6 4. Good health and well-being Code: A B C D -
2024 · Q103 · UPPGS
Which of the following are envisaged by the Right against Exploitation in the Constitution of India? 1. Abolition of untouchability 2. Prohibition of human trafficking and forced labour 3. Prohibition of employment of children in factories and mines 4. Protection of interests of minorities Select the correct answer from the codes given below: