Foreign tax credit rules govern timing, limits, disputed tax treatment, and documentation for resident assessees. Resident assessees are allowed foreign tax credit for foreign tax paid outside India in the tax year in which the related income is offered to tax or assessed to tax in India, and the credit is apportioned where the income is taxed in more than one tax year. The credit is limited to the lower of Indian tax on the income and the foreign tax paid, may be denied for disputed tax unless settlement evidence and an undertaking are furnished, and must be supported by Form No. 44, the prescribed certificate or statement, and related verification and filing requirements.