INCOME TAX23 Sept 2026
Paid ₹4.53 lakh tax in Belgium but missed Form 67 in India? ITAT gives taxpayer another chance to claim credit | Mint
Missed filing Form 67 with your return? A Bangalore tribunal ruling says that alone won't kill a genuine foreign tax credit claim. The Income Tax Appellate Tribunal (ITAT) gave a taxpayer another chance to prove his ₹3 lakh credit, even though his appeal came 1,687 days late. Earned income abroad? File Form 67 on time and keep proof of the foreign tax paid handy.
Key Statutory Highlights
- The Bangalore ITAT held that not filing Form 67 does not by itself end a genuine foreign tax credit claim.
- The taxpayer had offered his Belgium salary to tax in India and claimed ₹3,00,783 as foreign tax credit after paying tax in Belgium on the same income.
- His appeal was filed 1,687 days late, and the tribunal allowed him another chance to prove his claim on merits.
Actionable Advice for Taxpayers / Founders:If you paid tax abroad on income you also offered in India, file Form 67 with your return, or as early as you can, and keep your foreign tax payment proof ready. Since relief depends on your facts, check your specific case with your CA.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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