/ FTC Form Checklist · Updated 2026-10-22

Form 67 Foreign Tax Credit (FTC) India 2026 Checklist, DTAA FTC claim mechanism.

Form 67 is mandatory for Indian resident claiming Foreign Tax Credit (FTC) under Section 90 or 91 of Income Tax Act. Filed with Indian ITR. Covers taxes paid in foreign country on income doubly taxable (India + foreign country). Section 90 for DTAA countries; Section 91 for non-DTAA countries. Here's the complete 2026 filing framework.

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Written by CA Durgesh Chavda

Chartered Accountant (ICAI) · Founder, Bharat Quantum Prospera · US incorporation, India-US DTAA, FEMA ODI, NRI taxation, cross-border structuring · LinkedIn

/ When Form 67 applies

FTC core.

Indian tax resident with foreign-source income that's taxed in BOTH foreign country AND India.
Claiming credit for foreign tax paid against Indian tax liability on same income.
Section 90 (DTAA country, e.g., US / UK / Singapore / UAE / Mauritius): treaty-based FTC.
Section 91 (non-DTAA country): unilateral FTC under domestic law.
Credit is LOWER of (a) foreign tax paid, OR (b) Indian tax attributable to foreign income.
Must file Form 67: BEFORE due date of Indian ITR (same deadline as ITR).

/ Common FTC scenarios

Where it comes up.

Indian green card holder with US salary (also taxed in US) + Indian ITR disclosing worldwide income.
Indian resident with US / UK rental property (foreign tax on rental + Indian tax).
Indian investor in US / foreign stocks (dividend tax in source country + Indian tax).
Indian consultant to foreign client with tax deducted at source (treaty rate).
Indian subsidiary of foreign group - cross-border salary / consulting flows to Indian team.
Indian expat on short-term foreign deputation (foreign tax deducted + Indian tax on repatriated income).

/ Form 67 structure

The data.

Country of foreign tax.
Nature of income (salary / rental / interest / dividend / capital gain).
Amount of foreign income.
Foreign tax paid.
Indian tax before FTC on same income.
FTC claimed (lower of foreign tax paid or Indian tax).
Supporting: foreign tax authority receipt / foreign withholding certificate / foreign ITR copy.
CA attestation on specific aspects of claim.

/ Common FTC mistakes

Where returns trip.

Form 67 not filed: AO denies FTC entirely even if actually paid. Mandatory procedural requirement.
Filed after ITR due date: FTC denied for that AY. Updated return later with Form 67 may be partial fix.
Over-claim: credit cannot exceed Indian tax on same income. If foreign tax > Indian tax, excess cannot be refunded.
Wrong currency conversion: must convert foreign tax at RBI reference rate for the date of tax payment.
Non-DTAA country mistake: Section 91 (unilateral) applies for non-DTAA; Section 90 for DTAA. Different credit mechanics.
Specific income DTAA treatment: some income types (salary via Article 15, dividend via Article 10) have specific allocation rules. FTC under Section 90(1).

Last updated: 2026-10-22.

/ Ready when you are

Indian resident with foreign-source income taxed abroad?

Form 67 FTC claim before ITR + Section 90/91 under DTAA + currency conversion. BQP cross-border tax specialist.

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FAQ

Common questions, answered.

When is Form 67 due?

Before due date of Indian ITR (same deadline as ITR). For AY 2026-27 (individual non-audit): 31 July 2026. Tax audit cases: 31 October 2026. Form 67 must be filed BEFORE ITR filing - cannot claim FTC in ITR without prior Form 67 submission.

What's the difference between Section 90 and 91 FTC?

Section 90: FTC under DTAA (bilateral treaty with specific country - US, UK, Singapore, UAE, Mauritius, Canada, Australia, Germany etc.). Section 91: unilateral FTC for non-DTAA countries where India has no treaty. Different mechanics - Section 90 relies on treaty article; Section 91 relies on domestic Indian provision.

Can I claim FTC in Indian ITR without filing Form 67?

No - CBDT Notification 100/2022 made Form 67 mandatory. FTC claim in ITR denied without prior Form 67 submission. File Form 67 first, then ITR. Updated return (Section 139(8A)) with late Form 67 may partially address but no guarantee.

Is FTC limited to Indian tax on foreign income?

Yes - FTC = LOWER of (a) foreign tax paid, OR (b) Indian tax attributable to foreign income. Excess foreign tax above Indian tax cannot be refunded. Material in high-tax foreign jurisdictions (US / UK) where foreign tax exceeds Indian equivalent.

How do I convert foreign tax to INR for Form 67?

RBI reference rate on the date of foreign tax payment (not FY-average or ITR filing date). Document the exact date + exchange rate. For multiple foreign tax payments across year, convert each at respective date rate.

Does BQP handle Form 67 FTC claims?

Yes - standard advisory for cross-border tax clients. Form 67 drafting + supporting document assembly + e-filing before ITR + FTC optimization under DTAA / Section 91 + co-ordination with foreign tax authority receipts + Indian ITR integration. For returning NRIs / US green card holders / Indian expats / cross-border investors. WhatsApp +91 78018 87130.