https://www.taxtmi.com/article/detailed?id=6792 Draft rules allow resident assessees to claim foreign tax credit only in the year the corresponding income is offered to tax in India, restrict eligible foreign taxes to those under applicable DTAAs or taxes in the nature of income tax where no DTAA exists, disallow credit for disputed foreign tax, require per stream and per country calculation with conversion at telegraphic transfer buying rates, permit FTC against MAT/AMT with safeguards against double recovery, and mandate foreign tax authority certificates, payment proof and a non dispute declaration. en-us Thu, 21 Apr 2016 10:18:25 +0530 Thu, 21 Apr 2016 10:18:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6792 Draft rules allow resident assessees to claim foreign tax credit only in the year the corresponding income is offered to tax in India, restrict eligible foreign taxes to those under applicable DTAAs or taxes in the nature of income tax where no DTAA exists, disallow credit for disputed foreign tax, require per stream and per country calculation with conversion at telegraphic transfer buying rates, permit FTC against MAT/AMT with safeguards against double recovery, and mandate foreign tax authority certificates, payment proof and a non dispute declaration. Articles Income Tax Thu, 21 Apr 2016 10:18:25 +0530 https://www.taxtmi.com/article/detailed?id=6792