Consider the following statements regarding tax provisions on indirect transfers in India:1.Under Section 9(1)(i) of the Income Tax Act, capital gains arising from the transfer of shares of a foreign company that derive substantial value from Indian assets are taxable in India.2.The Income Tax Appellate Tribunal (ITAT) functions as the primary appellate authority under the Ministry of Finance for direct tax disputes.Which of the statements given above is/are correct?
UPSC · current affairs quiz
Quiz · Tax Residency Certificate Indirect Transfer Exemption
Two Prelims-style questions on this topic from 5 October 2026. Choose an option to check yourself, then open the full note or today’s full quiz.
With reference to international taxation and domestic laws, what is the primary purpose of a Tax Residency Certificate (TRC)?