https://www.taxtmi.com/acts?id=21746 Resident assessees are allowed foreign tax credit for tax paid outside India in the year the corresponding income is taxed in India, with apportionment where the income is taxed over more than one year. The credit is limited to tax, surcharge and cess, excludes disputed foreign tax until settlement, and is computed separately for each foreign source at the lower of Indian tax on the income and foreign tax paid. Credit depends on filing Form No. 67 and supporting evidence within the prescribed time. en-us Thu, 30 Jun 2016 17:09:28 +0530 Thu, 21 May 2026 15:22:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21746 Resident assessees are allowed foreign tax credit for tax paid outside India in the year the corresponding income is taxed in India, with apportionment where the income is taxed over more than one year. The credit is limited to tax, surcharge and cess, excludes disputed foreign tax until settlement, and is computed separately for each foreign source at the lower of Indian tax on the income and foreign tax paid. Credit depends on filing Form No. 67 and supporting evidence within the prescribed time. Act-Rules Income Tax Thu, 30 Jun 2016 17:09:28 +0530 https://www.taxtmi.com/acts?id=21746