Form 67, Statement for Claiming Foreign Tax Credit
Statement filed to claim Foreign Tax Credit for tax already paid on foreign-sourced income.
Who files it
Resident taxpayers with foreign-sourced income who have already paid tax on it in the source country.
Frequency
Annual, per return
Due date
On or before the due date for filing the relevant income tax return
Filed with
Income Tax e-filing portal
Foreign Tax Credit lets a resident taxpayer offset Indian tax liability on foreign income against tax already paid abroad on that same income, based on DTAA provisions or, where no treaty applies, Rule 128. Form 67 is how that credit is actually claimed and documented.
Filing it late, or missing it entirely, has historically been a common reason FTC claims get rejected, even when the underlying entitlement is genuine, so treating the return due date as the real deadline for this form (not just for the return itself) matters.
This is a quick-reference summary, not a filing walkthrough. Due dates shown are the statutory defaults and can be extended in practice; applicability depends on your specific registration, turnover, and entity type. For general informational purposes only, not professional tax or legal advice.