Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →


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<h1>Foreign Tax Credit allowed for disputed taxes if documentation is submitted within six months post-resolution per Rule 128.</h1> Foreign Tax Credit (FTC) is permitted for disputed taxes if the taxpayer provides necessary documentation within six months following the resolution of the dispute. According to Rule 128 of the Income-tax Rules, 1962, the taxpayer must submit evidence of the dispute's settlement and proof of payment of the foreign tax liability. Additionally, an undertaking must be given that no refund for the paid amount has been or will be claimed. This rule ensures compliance and proper documentation for claiming FTC benefits.
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