Paid taxes abroad? Here's how Form 67 helps claim foreign tax credit in India

Form 67 is required to claim Foreign Tax Credit (FTC) under Rule 128 of the Income Tax Rules, 1962.

FTC allows Indian residents to reduce their Indian tax liability by the amount of tax already paid in another country on the same income.

Part A of Form 67 captures taxpayer and foreign income details, including PAN and assessment year.

Part B covers foreign tax adjustments, such as refunds due to carry-back of losses or disputed tax.

Filing requires registration on the Income Tax e-filing portal, active PAN linked with Aadhaar, and supporting documents for foreign tax paid.