likith nsvm 11 November 2019
Mr X has made sales to bangladesh amounting to Rs. 1Cr.
TDS done in bangladesh -20 lakhs.
Total income of Mr X at end of the year is loss of (1,00,000).
In this case, Is Mr. X is eligible to get refund of TDS deducted in Bangladesh in any way ?
mukesh (Student CA IPC / IPCC) 11 November 2019
Tax deducted in Bangladesh can be claimed as refund as per the provisions of Bangladesh income tax and not as per indian income tax.
However Foreign Tax credit can only be claimed as credit in the year in which such income has been offered to income tax in India.