How to file Form67 to claim foreign tax credit

#form67 #ForeignTaxCredit #ForeignTax #ForeignIncome #foreigninvestment #Nama_CA
#Nama #Namma_CA #CANamrta #NamaCA #NammaCA #CA_Namrta #itr #taxrebate #taxrefund #taxrelief #taxdeduction #taxbenefit #foreignincome #foreigninvestment #foreigntax #foreigntaxcredit
If Indian resident have received foreign income, then he/she are liable to pay tax at source country and resident country as well. This video will help them to understand the income tax provision on DTAA and requirement of filing the From67 for claiming tax credit from your resident country. A detailed explanation and calculations are provided with example to calculate the data (global income, tax on global income, average tax rate, conversion of foreign currency and tax under normal provision) for filing Form67. Also step by step process has been described to file Form67.
Note: To get tax credit, Form67 should file before Income Tax Return (ITR)
How to file form 67 to claim foreign tax credit:
• Form67 I Why and How t...
ITR 2 filing with Foreign Assets declaration + Capital Gain + Foreign source Income
• ITR2 Filing with Forei...

[@Ashishkumar-ip7yo]

In my case I only received interest income of 0.12 USD and it was not taxed at US.
My salary is 4lakh
Will i be taxed in India for 0 12 USD interest income?

[@shreyaggarwal6169]

I already filed form 67.. can I modify it? Also will Grantor letter work in replacement of 1042S?

[@suchitgulati4946]

You have your investment account with fidelity investment account ?

[@shreyaggarwal6169]

@@suchitgulati4946 yes