Claiming ftc
This query is : Resolved
VIJAY RAGHAV
(Querist)
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
Read more at: https://www.caclubindia.com/forum/clarification-on-ftc-294718.asp#.U51QdpSSyVY
Nikhil Kaushik
(Expert)
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
(Querist)
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
(Expert)
15 June 2014
exchange rate should always be considered on the date of transaction...ie the date tax was deducted.
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