Hi,
Can a Private Limited Company carry forward its Foreign Tax Credit (FTC)? If not, what is the possible solution in the following scenario: The company has Foreign Tax Credit (FTC) of Rs 47,00,000, out of which Rs 17,00,000 has already been used to reduce the tax liability. However, I am unable to claim the refund for the remaining Rs 30,00,000. Kindly advise on how to resolve this issue.
CAclubindia
