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Income Tax - Highlights / Catch Notes

Home Highlights March 2023 Year 2023 This

Non grant of Foreign Tax Credit ('FTC') - Even in a case belated ...


AO Must Consider Foreign Tax Credit Despite Late Form 67 Filing if Income Reported Under Indian Tax Laws.

March 3, 2023

Case Laws     Income Tax     AT

Non grant of Foreign Tax Credit ('FTC') - Even in a case belated filing of Form 67, the AO should consider tax paid by the assessee in other countries when income pertains to said tax credit has been offered to tax in India as per domestic tax laws. - AT

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