Claim Your Foreign Tax Credit (FTC) – FORM 67 Filing Deadline: 31st March 2025

As the financial year 2023-24 comes to a close, taxpayers who have foreign income must ensure timely compliance with Form 67 filing to claim their Foreign Tax Credit (FTC). The deadline for submitting Form 67 is 31st March 2025, and failing to do so may result in the loss of the foreign tax credit benefit.

What is Form 67?

Form 67 is a mandatory document required to claim Foreign Tax Credit (FTC) under Section 90, 90A, and 91 of the Income Tax Act, 1961. If you have foreign income on which tax has been deducted or paid overseas, you must file Form 67 to avail of tax credit and avoid double taxation.

Who Should File Form 67?

Any taxpayer who has:
✅ Earned income from a foreign source (salary, business income, dividends, interest, etc.)
✅ Paid or deducted tax overseas on such foreign income
✅ Wants to claim credit against Indian tax liability for the taxes already paid abroad

Key Requirements for Form 67 Filing

📌 Submit a statement of the total foreign income earned and the amount offered for tax in India.
📌 Provide proof of tax deducted or paid in the foreign country (such as tax receipts or certificates).
📌 File Form 67 online through the Income Tax e-filing portal before filing your ITR.

Deadline for Filing Form 67

🛑 31st March 2025 is the last date to submit Form 67 for claiming FTC for the financial year 2023-24.

⚠️ Missing the deadline may result in losing the foreign tax credit, leading to double taxation.

How to File Form 67?

1️⃣ Login to the Income Tax e-filing portal.
2️⃣ Navigate to e-File > Income Tax Forms > File Income Tax Forms.
3️⃣ Select Form 67 – Claim for Foreign Tax Credit.
4️⃣ Fill in the required details and upload relevant documents.
5️⃣ Submit the form before filing your Income Tax Return (ITR).

Why is Form 67 Important?

✔ Avoid Double Taxation – Claim relief for taxes already paid abroad.
✔ Ensure Compliance – Mandatory filing requirement for FTC claims.
✔ Reduce Tax Liability – Optimize your tax outflow legally.

Need Assistance? Contact Taxla Services!

Filing Form 67 correctly is crucial to claiming your Foreign Tax Credit (FTC) without any issues. Our tax experts at Taxla Services are here to help you with seamless filing and tax compliance.

📞 Call/WhatsApp: +91 9600076134 / 6374812546
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com

#Form67 #ForeignTaxCredit #IncomeTax #TaxFiling #TaxlaServices #Finance #TaxCompliance



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