TaxTMI 
TaxTMI 
Question - What are proposed in Budget 2015-16 for board for giving foreign tax credit ?
Enabling the Board to notify rules for giving foreign tax credit
28 Feb 2015 
1 Reply 
1215 Views Asked by
Foreign tax credit: CBDT empowered to notify rules establishing procedure to grant relief for taxes paid abroad.
The proposed amendment authorises the central tax administration to make rules specifying the procedure for granting relief or deduction of any income-tax paid in a foreign country or specified territory under treaty-based provisions or the domestic double taxation relief provision. (AI Summary)
The proposed amendment authorises the central tax administration to make rules specifying the procedure for granting relief or deduction of any income-tax paid in a foreign country or specified territory under treaty-based provisions or the domestic double taxation relief provision. (AI Summary)