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The Economic Times
The Economic Times
Neelanjit Das

Rs 14.42 lakh Belgium salary of IT pro triggered tax demand in India after Form 67 was missed; ITAT Bangalore gives relief

A software professional from Hyderabad received an Income Tax notice after claiming foreign tax credit (FTC) in India for the taxes he had already paid on his salary in Belgium (part of European Union (EU)) - without filing the mandatory Form 67. India’s Double tax Avoidance Agreement (DTAA) with Belgium entitled him to claim this credit, but the tax department rejected it solely because Form 67 was missing.

What is Foreign Tax Credit (FTC)?

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