Form 67 queries

anyone having experience of filing form 67 plz DM me... I have few queries...
Replies (3)
Quick Summary
This discussion addresses common queries regarding Form 67, particularly for individuals with US income. It clarifies how to claim foreign tax credits when income spans across tax years and advises on which gross income amount to use when there are discrepancies between Form 1042-S and actual invoice amounts. The advice also touches upon handling differing tax withholding rates.

Pls explain.
Actually I have income from US... is I got form F 1042-S which shows the amt of income + withheld tax amt... the said form is for 2020... so my doubts are -
1) while claiming credit I will be able to claim only till period dec 2020 and remaining i.e related to Jan to mar 2021 will be claimed next yr ?
is this correct ?
2) the gross amt of income shown in form F 1042 S doesn't match with gross amt which I actually received i.e gross amt as per the invoices. so which amt to consider while claiming credit of foreign tax ?
3) the rate of tax withhold is 15% . however in some invoices the amt is calculated taking rate lower than 15%. so what to do in such case ?
1) In us and England FY IS JAN TO DEC
2)IF THERE IS MISMATCH YOU HV TO FIND OUT THE ITEMS WHICH ARE MISSING
THEN 1042 FORM WILL BE CORRECT
3)PLS GÒ THRU EACH INVOICE OR SEND DERAILS AT CONTACTAT @ EASYACCOUNTINGAUDITTAX.CO.IN
Ì CAN HELP YOU OUT CERTAINLY.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details