Claiming ftc

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VIJAY RAGHAV (Querist)
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15 June 2014 Can some one help me in resolving the below situation. One of my friend with resident status worked in UK for 2 months, received salary and also form p60 for the tax deducted as per their tax provisions. Now while filing the ITR here, how to claim the tax deducted there. He has income (salary)in India also and the TDS deducted is matching with form 26AS. This is for AY 14-15

Read more at: https://www.caclubindia.com/forum/clarification-on-ftc-294718.asp#.U51QdpSSyVY

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 June 2014 you need to claim tax credit under "TR_FA" sheet in the tax return. You will have to file ITR-2

VIJAY RAGHAV

VIJAY RAGHAV (Querist)
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15 June 2014 Exchange rate to be considered as on date of filing or as on date of form p60. Pl let me know

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 June 2014 exchange rate should always be considered on the date of transaction...ie the date tax was deducted.

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