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of <h1>Indian Residents Can Address Foreign Tax Grievances via Rule 44G, Income Tax Rules, 1962; Submit Form 34F for Resolution</h1> The Mutual Agreement Procedure under Rule 44G of the Income Tax Rules, 1962, allows Indian residents to address grievances against foreign tax authorities if actions contradict international agreements. The process involves submitting Form No. 34F to the Competent Authority in India, who may engage with foreign counterparts to resolve disputes within 24 months. Resolutions cannot decrease income or increase losses in India. Assessees must accept or reject resolutions within 30 days, and acceptance requires withdrawing related appeals. The resolution is communicated to tax authorities for implementation, and taxes must be paid as determined. Adjustments are made according to the resolution.
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