ITR filing: Form 67 is a crucial document in the realm of tax compliance. This official IT form must be accurately completed and submitted to the tax department within the stipulated timeline to ...

In a notable decision impacting taxpayers with foreign income, the Income Tax Appellate Tribunal (ITAT), Pune Bench, has ruled that a delay in filing the requisite Form 67 should not be the sole basis ...

Individual taxpayers, such as high net worth individuals (HNIs), often have their income portfolio spread across multiple countries. If these individuals qualify as global residents of India, they ...

Form 67 is a new requirement effective financial year 2016-17. Under the Income-tax Rules, 1962, foreign tax credit claimed in the India tax return will be allowed only upon furnishing Form 67.

This credit is accessible to all taxpayers by filing Form 67. Foreign tax credit under I-T laws Sections 90 and 91 of Income-Tax (I-T) Act, 1961, govern FTC. The former deals with claiming FTC in ...