https://www.taxtmi.com/notifications?id=119419 Residents may claim credit for foreign tax paid in the year the corresponding income is taxed in India, subject to prorated allocation where income is taxed over multiple years. Credit is limited to the lesser of Indian tax on that income and actual foreign tax paid (treaty-excess ignored), converted at the telegraphic transfer buying rate. Disputed foreign tax is excluded until final settlement with proof; specific documentary requirements including Form No.67 and supporting certificates must be furnished by the return due date. en-us Mon, 27 Jun 2016 00:00:00 +0530 Tue, 28 May 2019 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119419 Residents may claim credit for foreign tax paid in the year the corresponding income is taxed in India, subject to prorated allocation where income is taxed over multiple years. Credit is limited to the lesser of Indian tax on that income and actual foreign tax paid (treaty-excess ignored), converted at the telegraphic transfer buying rate. Disputed foreign tax is excluded until final settlement with proof; specific documentary requirements including Form No.67 and supporting certificates must be furnished by the return due date. Notifications Income Tax Mon, 27 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119419