MUMBAI (Reuters) - The finance ministry said on Friday it will not question the validity of tax residency certificates (TRCs) held by foreign investors, while noting the current double-tax treaty with Mauritius remains in effect, pending continued talks.
The clarification from the ministry comes after the government created confusion with a proposal on Thurday stating a tax residency certificate "shall be necessary but not a sufficient condition" to take advantage of double taxation avoidance agreements.
(Reporting by Rajesh Kumar Singh and Manoj Kumar; Writing by Rafael Nam; Editing by Sunil Nair)
