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On September 17, 2012, India's Central Board of Direct Taxes issued a notification introducing rules relating to the format and procedure for obtaining a tax residence certificate (TRC). The rules apply for financial years beginning after March 31, 12012. The Finance Act, 2012, introduced provisions in the Indian tax laws (ITL) requiring nonresidents (NRs) to furnish a TRC in a specified format from the countries of their residence to claim the benefits of an income tax treaty.