Hello,
How to claim foreign tax credit during efilling (TRC)
Madhu (Team Member) (155 Points)
15 June 2017Madhu (Team Member) (155 Points)
15 June 2017Hello,
M.Ajay kumar
(ca)
(99 Points)
Replied 15 June 2017
M.Ajay kumar
(ca)
(99 Points)
Replied 15 June 2017
M.Ajay kumar
(ca)
(99 Points)
Replied 15 June 2017
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 15 June 2017
You can't claim tds of foriegn country......
If DTAA is available then you can get relief U/s 90 or 90A..
If DTAA is not available then still you can get relief U/s 91.
Use the Schedule of FSI in ITR 2
Madhu
(Team Member)
(155 Points)
Replied 15 June 2017
Hello,
Thanks for your quick response.
One of CA told me that, whenever employee earning salary from India and out of india. He need to get TRC from Income tax authority of India. Is it wrong?
In my case, can i go ahead with ITR - 2
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 15 June 2017
What type of details or proof you have where it is mention that you have paid tax on foreign income in foreign contry?
Madhu
(Team Member)
(155 Points)
Replied 15 June 2017
Hello,
In form 16, they have mentioned tax paid outside india.
Please refer the attachment having screen shot from form16.
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 15 June 2017
The format of Form 16 doesn't provide the details about income of outside India.
I think it's not form 16...
Madhu
(Team Member)
(155 Points)
Replied 16 June 2017
Hello,
Please refer the attachment having form 16 (part b).
I have highlihted FOREIGN TAX CREDIT field in yellow color. Please check,
I have paid total tax amount - 1,31,563 but they have shown 9,61,81 in 26AS(only for india salary).
Emplyer showing both foreign and india salary income in form16. Due to this reason, my INCOME CHARGEABLE UNDER THE HEAD SALARIES is very high (approximately 10 laks instead of 7 lakhs). So that i am not getting any returns from India tax dept.
Madhu
(Team Member)
(155 Points)
Replied 16 June 2017
form16..attachment