How to rectify Form 67 that is already submitted

If you need to correct errors in a submitted Form 67 for an AY where the ITR is yet to be filed, you can submit a revised Form 67. 

Generally, for forms like Form 67, if multiple submissions are allowed and you have submitted a revised one, the latest submission is typically considered for processing. If you submit a revised Form 67 before filing the ITR for the same A.Y., the latest submitted Form 67 will likely be considered. 

Hello. thankyou for the clarification. could you please clarify if the form could be revised after filing of ITR. and then revise the ITR too.

Yes, Form 67 can be revised, provided it is revised within the prescribed time limit for filing or revising the return under Section 139(5).

However, an important condition must be noted:

1. Form 67 must originally be filed on or before the due date under Section 139(1) to claim Foreign Tax Credit (FTC).

2. If it was filed within time, correction/revision is generally permitted before the end of the assessment year or before completion of assessment (as applicable to revised return timelines).

3. If Form 67 was not filed within the due date under Section 139(1), merely revising it after filing the ITR may not validate the FTC claim.