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Foreign salary, double tax? When late filing of Form 67 can deny DTAA benefits to Indians

Many Indians working overseas and earning their pay abroad must settle their due taxes in that foreign country, whether it is Singapore, or the United States of America (USA). Currently, the United ...
Tax Guru

Chennai ITAT Grants Full Foreign Tax Credit Despite Lower FTC Claim in Form 67 – Procedural Lapse Cannot Defeat Substantive Relief

The Tribunal ruled that delayed filing or incorrect disclosure in Form 67 does not automatically disentitle an assessee from claiming Foreign Tax Credit. Substantial justice must prevail over ...