Claiming Foreign Tax Credit (FTC) in India Income Tax Return through Form 67

By
Team Bilimoria
May 3, 2024

This article includes the following key pointers:

  1. Introduction
  2. What is Foreign Tax Credit (FTC) and Form 67?
  3. Due Date for Filing Form 67
  4. Criteria required to claim the FTC
  5. Things to be kept in mind for Form-67
  6. Conclusion

Read more at: https://taxguru.in/income-tax/claiming-foreign-tax-credit-ftc-indian-tax-return-form-67.html

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This article includes the following key pointers:

  1. Introduction
  2. What is Foreign Tax Credit (FTC) and Form 67?
  3. Due Date for Filing Form 67
  4. Criteria required to claim the FTC
  5. Things to be kept in mind for Form-67
  6. Conclusion

Read more at: https://taxguru.in/income-tax/claiming-foreign-tax-credit-ftc-indian-tax-return-form-67.html

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The Union Budget 2025 marks a significant step forward in the Government’s steadfast journey to accelerate India’s growth, secure inclusive development, and invigorate the private sector. Under the visionary leadership of Hon’ble Prime Minister Shri Narendra Modi, the Budget for Fiscal Year 2025-26, continues the mission to uplift household sentiments, enhance the spending power of India’s rising middle class, and unlock the vast potential that lies within our nation. With agriculture as the first engine of growth, MSMEs as the second, Investment as third and Exports as fourth engine, the Budget sets the stage for a brighter, more self-reliant future for India, ensuring that every citizen can participate in the nation’s economic progress. Here is our summary from the Budget Speech present on 1st Feb 2025 by the Finance minister Shrimati Nirmala Sitharaman. Click the link below to read the PDF. Whilst every care has been taken in the preparation of this document it may contain inadvertent errors for which we shall not be held responsible. It must be stressed that the Finance Bill may contain proposals which have not been referred to in the budget speech and additionally, the detailed proposals are liable to amendment during the passage of the Finance Bill through Parliament. The information given in this document provides a bird’s-eye view on the changes proposed and should not be relied for the purpose of economic or financial decision

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