How to File Form 67 FTC Claim India Step-by-Step, Section 90 Foreign Tax Credit + ITR integration.

• Form 67 = statement of foreign income + foreign tax paid - filed to claim FTC in Indian ITR.
• Legal basis: Section 90 + Section 90A + Section 91 + Rule 128 Income Tax Rules.
• Mandatory to claim FTC: no Form 67 = no FTC claim allowed (specific case-law + CBDT clarifications).
• Must be filed BEFORE Indian ITR due date (31 July for individuals + 31 October for business / specific audit cases).
• Separate Form 67 for each FY where FTC claimed.
• Multiple foreign jurisdictions + income sources aggregated in single Form 67 per FY.

• Indian resident (ROR) with foreign-source income (salary, interest, dividend, capital gain, royalty, business, specific sources).
• Foreign tax paid on same income (TDS, estimated tax, specific withholding).
• Indian tax computed on worldwide income including foreign source.
• Claim FTC in Indian ITR to prevent double taxation.
• Specific examples: US K-1 income with 1446 withholding, UK dividend with specific tax, Singapore dividend, UAE specific tax, Australian trust distribution, Canadian employment income.

• Credit = lower of (a) foreign tax paid on specific income, (b) Indian tax on same income at specific rate.
• Specific head-wise computation: salary / interest / dividend / capital gain / business / specific - credit computed per head.
• Specific per-country computation if multiple foreign jurisdictions.
• Specific currency conversion: SBI reference rate on specific date (date of payment / date of tax deduction / specific).
• DTAA relief: specific DTAA Article 24 (relief from double taxation) governs.
• Section 91 relief (for non-DTAA countries): proportionate credit without specific treaty.
• Specific unused FTC carry-forward: generally NOT allowed in India (unlike US / UK where carry-forward exists).

• Form 67 itself (filed on e-filing portal).
• Nature + amount of foreign source income (self-declaration).
• Nature + amount of foreign tax paid (self-declaration + specific supporting).
• Supporting documents retained (not uploaded with Form 67 but kept for audit):
•   — Foreign tax return / tax calculation + specific tax paid certificate.
•   — Specific withholding certificates (US 1042-S, UK CT61, Singapore Form IR8A, specific per jurisdiction).
•   — Specific income statement from foreign payer (K-1 / Dividend voucher / P60 / specific).
•   — Specific foreign bank statement showing receipt + specific tax deduction.
•   — Specific currency conversion computation (SBI reference rate dates + specific calculations).

1. Login India e-filing portal (incometax.gov.in).
2. Navigate: e-File > Income Tax Forms > File Income Tax Forms.
3. Select Form 67 - Foreign Tax Credit.
4. Select AY + specific country(ies).
5. Enter: foreign-source income (head-wise + country-wise + amount in INR using SBI reference rate).
6. Enter: foreign tax paid (head-wise + country-wise + amount in INR).
7. Compute FTC per Rule 128 (lower of foreign tax or Indian tax).
8. Review + validate.
9. e-Verify via DSC / Aadhaar OTP / specific.
10. Receive acknowledgement.
11. File Indian ITR with specific FTC claimed in applicable schedules.
12. Retain all supporting documents for 6-year audit lookback (minimum).

• Filing Form 67 AFTER ITR due date (31 July / 31 October): FTC may be denied; specific condonation requests under Section 119(2)(b) in exceptional cases.
• Not filing Form 67 at all (just claiming FTC in ITR): generally denied.
• Wrong currency conversion: must use SBI reference rate on specific dates (date of tax payment / credit).
• Not head-wise matching: FTC claimed for salary while foreign tax was on dividend - mismatch denies credit.
• Not considering DTAA treaty rate: can affect specific tax base + specific credit.
• Specific unused FTC claim as carry-forward (not allowed in India).
• Not retaining specific supporting documents for audit lookback.

• Residential status verification (ROR / RNOR / NR under Section 6).
• Foreign-source income identification + specific head-wise classification.
• Foreign tax paid verification + specific supporting documentation collection.
• Rule 128 FTC computation + Section 90 vs 91 analysis.
• Currency conversion with SBI reference rate on specific dates.
• Form 67 preparation + e-filing BEFORE ITR due date.
• Indian ITR integration with FTC claim in applicable schedules.
• Specific coordination with foreign CPA for foreign tax return + specific documentation.
• Audit defence if Form 67 / FTC assessed scrutiny.
• Section 119(2)(b) condonation request if Form 67 missed deadline (exceptional).

Last updated: 2026-10-25.