foreign tax credit rules Archives

Tag: foreign tax credit rules

Assessee entitled to tax credit u/s 91 of both USA federal and state taxes paid by him

administrator September 8, 2020 Income Tax, ITAT

Assessee entitled to tax credit u/s 91 of both federal and state taxes paid by him. Benefit also available to not ordinarily resident Indians ABCAUS Case Law CitationABCAUS 3390 (2020) (09) ITAT Important case law relied upon by the parties:Wipro Ltd vs Deputy Commissioner of Income Tax

Foreign Tax Credit Income Tax Rule 128. Resident allowed credit for foreign tax paid in country/specified territory outside India CBDT Notification 54/2016

administrator June 30, 2016 Income Tax

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE Income-tax Notification No. 54/2016 New Delhi, the Dated: 27th June, 2016 S.O.2213(E).─ In exercise of the powers conferred by clause(ha) of sub-section (2) of section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct …