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Foreign tax credit treatment

This query is : Resolved 

28 August 2015 in one of the my client's foreign tax credit is there from USA.

so what is the treatment of this.
how i can take credit of the same.
please answer in detail.

29 August 2015 Sir,

Based form 1040, we can take the credit.
1) work out the foreign income and foreign tax paid
2)Tax is required to be paid in us as per DTAA
3) Tax required to be paid in India for that income.(based on average rate)

Compare three. Minimum can claim as relief
please refer rules, if there is no form 1040, based on bank statements also we can take credit



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