Hello! one of client who works in India and is Indian Resident sold ESOP of foreign company (USA) in FY 2019-20 on which tax was deducted in USA, whether I need to file Form 67 to claim the credit?
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If you are an Indian resident who sold ESOPs from a foreign company and paid tax in that country, you can claim credit for the foreign tax paid in India. To do this, you'll need to file Form 67 to claim the foreign tax credit. You may also need to report these details in Schedule FA of your Income Tax Return (ITR).