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of <h1>CBDT Releases Draft Rules for Foreign Tax Credit Claims Under Income-tax Act, 1961; Feedback Invited by May 2, 2016.</h1> The Central Board of Direct Taxes (CBDT) in India has released draft rules for the grant of Foreign Tax Credit under the Income-tax Act, 1961. These rules outline the procedure for claiming relief or deductions for income tax paid in foreign countries or specified territories, as per sections 90, 90A, and 91 of the Act. The draft rules are available on the Income Tax Department's website for public and stakeholder feedback. Comments and suggestions are invited by May 2, 2016, via email or post to the designated address in New Delhi.
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