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Income tax applicability

This query is : Resolved 

14 December 2011 My self Ankur and i m working in a pvt ltd. co. in India, my query is that one of our client is situated in hongkong (NO DTAA available) and we are supposed to take payment around 30 lacs from them for our consultancy fee, but they are deducting tax @ 30%, so can we take credit this TDS (with holding tax)in our ITR, if yes than how....

14 December 2011 you can claim deduction as provided under
section 91 of income tax act 1961. Which
says that you can claim deduction on such
doubly taxed income at the Indian rate of
tax applicable to you or the rate of tax at which tax is deducted in such foreign country, whichever is lower.


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