Very urgent-tax credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2016 If tds has been deducted by foreign company (myanmar) at the time of payment made to indian company.
so how we can claim tax credit in india.
what documents required to claim tax credit

As per my understanding there is no DTAA bw india and myanmar regarding technical service.

please advise.

Amol S Joglekar

Amol S Joglekar (Expert)
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14 September 2016 you acquire the TAX credit certificate from the payer.
You can claim the same while filing your income tax return

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2016 Sir form 67 also required as per CBDT notification from A.Y. 2017-2018

Amol S Joglekar

Amol S Joglekar (Expert)
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14 September 2016 any problem in getting the same?

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2016 Amol Sir form 67 is also required as per CBDT new rule W.e.f. from april 2017?

Amol S Joglekar

Amol S Joglekar (Expert)
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14 September 2016 That is what I am asking you....is there any problem in getting form 67, in your case?

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2016 we need to fill manually Form 67 or need to get from foreign country?
what problem we can face in getting form 67 as transcation is actual?

Amol S Joglekar

Amol S Joglekar (Expert)
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14 September 2016 https://www.pwc.in/assets/pdfs/news-alert-tax/2016/pwc_news_alert_30_june_2016_cbdt_notifies_ftc_rules_allowing_resident_taxpayers_to_claim_credit_for_taxes_paid_overseas.pdf

The form 67 contains the information as to income and tax deducted. It will be shortly uploaded on income tax web site

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