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Draft rules for grant of Foreign Tax Credit

Income Tax - PRESS RELEASE - Dated:- 18-4-2016 - Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 18th April, 2016 Subject: - reg. The Income-tax Act, 1961 (the Act) provides that the Central Board of Direct Taxes may prescribe rules specifying the procedure for grant of relief or deduction of income-tax paid in any country or specified territory outside India, under section 90/ 90A/ 91 of the Act against the income-tax payable .....

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