Filling of Form No. 67 for Availing FTC is directory Nature
Form No. 67 filling for availing Foreign Tax Credit is a directory nature & not Compulsory. In Matter of Ms. Brinda Ramakrishna v. Income tax Office [2022], it was determined that Rule 128(9) of the Rules does not provide for disallowance of Foreign Tax Credit in the event of a delay in completing income tax …