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Foreign Tax Credit (‘FTC’) - FTC benefit in the year in which income offered to tax

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Rule - 128 - Foreign Tax Credit

Indian resident shall be allowed FTC benefit for the tax paid by him in a country or specified territory outside India. FTC benefit shall be allowed in the year in which the corresponding income has been offered to tax or assessed to tax in India.

 

 

Dated: 30-6-2016



 

  1. 54/2016 - Dated: 27-6-2016 - Income Tax - Foreign Tax Credit - Income-tax (18th Amendment) Rules, 2016
 

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