If we Earn Divided from USA so while filling ITR we take usa dividend from Jan 2024 to Dec 2024 or from April 2024 to March 2025 while filling ITR for A.Y. 2025-26 because form 1042-S is available calendar year wise while filling form 67 we need to attach 1042-S of use for claiming DTAA benefits for tax withholding there.
Please guide which period income should be taken while filling ITR.
👉 For ITR (A.Y. 2025-26), you must take foreign dividend income from Apr 2024 – Mar 2025 (Indian financial year basis).
👉 Form 1042-S is on calendar year basis, so you’ll need to split the data:
Use Apr–Dec 2024 from 1042-S (2024).
Add Jan–Mar 2025 dividends separately (from broker/bank records).
👉 Attach 1042-S (2024) in Form 67 for FTC claim, and use alternative proof for Jan–Mar 2025.
For Jan to march 2025 which alternative proof is required. To attach please guide
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
