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        Case ID :
        Income Tax

        Foreign Tax Credit (‘FTC’) - Documents to be furnished for availing FTC

        30 June, 2016

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        Rule - 128 - Foreign Tax Credit

        (i) Statement of income from foreign country offered for tax for the previous year and of foreign tax deducted or paid on such income in Form No.67 and verified in the manner specified therein. (ii) Certificate or statement specifying the nature of income and the amount of tax deducted therefrom or paid by the assessee.

        a.from the tax authority of the country or specified territory outside India; or

        b.from the person responsible for deduction of such tax; or

        signed by the assessee and accompanied by (A)Tax challan - an acknowledgment of online payment or bank counter foil or challan for payment of tax where the payment has been made by the assessee; (B)TDS - proof of deduction where the tax has been deducted.

        Foreign Tax Credit documentation: verified income statement plus certificate and payment or deduction proof to claim credit. Foreign Tax Credit eligibility requires a verified statement of foreign income and foreign tax paid in the prescribed form, plus a certificate or statement specifying the nature of the income and tax deducted or paid issued by the foreign tax authority, the person who deducted the tax, or signed by the taxpayer, accompanied by a tax challan or online payment acknowledgement for payments and proof of deduction where tax was withheld.
                    Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                      Provisions expressly mentioned in the judgment/order text.

                          Foreign Tax Credit documentation: verified income statement plus certificate and payment or deduction proof to claim credit.

                          Foreign Tax Credit eligibility requires a verified statement of foreign income and foreign tax paid in the prescribed form, plus a certificate or statement specifying the nature of the income and tax deducted or paid issued by the foreign tax authority, the person who deducted the tax, or signed by the taxpayer, accompanied by a tax challan or online payment acknowledgement for payments and proof of deduction where tax was withheld.


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