https://www.taxtmi.com/news?id=16041 The Central Board of Direct Taxes has proposed draft rules to prescribe the procedure for grant of Foreign Tax Credit under the Income tax Act's mechanisms for relief against tax paid outside India. The draft establishes the procedural framework and documentation requirements by which tax paid in a foreign country or specified territory may be credited or deducted against Indian income tax, and has been published for stakeholder comments and public consultation to inform final rulemaking. en-us Thu, 21 Apr 2016 09:52:39 +0530 Thu, 21 Apr 2016 09:52:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16041 The Central Board of Direct Taxes has proposed draft rules to prescribe the procedure for grant of Foreign Tax Credit under the Income tax Act's mechanisms for relief against tax paid outside India. The draft establishes the procedural framework and documentation requirements by which tax paid in a foreign country or specified territory may be credited or deducted against Indian income tax, and has been published for stakeholder comments and public consultation to inform final rulemaking. News - Thu, 21 Apr 2016 09:52:39 +0530 https://www.taxtmi.com/news?id=16041