TaxTMI Login
AI OCR ✕Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page
Try Now →Just a moment...
AI OCR ✕Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page
Try Now →By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All TMI Notes
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
Rule - 128 - Foreign Tax Credit
FTC benefit in respect of disputed tax shall be allowed, if the assessee within 6 months from the end of the month in which the dispute is finally settled, furnishes
a. evidence of settlement of dispute and
b. evidence to the effect that the liability for payment of such foreign tax has been discharged by him and
undertaking that no refund in respect of such amount has directly or indirectly been claimed or shall be claimed.
Foreign Tax Credit requires evidence of settlement, proof of payment and an undertaking within six months of dispute resolution. Foreign Tax Credit (FTC) is allowed for disputed foreign tax only if, within six months from the end of the month in which the dispute is finally settled, the assessee furnishes evidence of settlement, evidence that the tax liability has been discharged by the assessee, and an undertaking that no refund in respect of that amount has been or will be claimed. of Press 'Enter' after typing page number.
TaxTMI 
TaxTMI 