CBDT Pro­poses Frame­work to Give Re­lief to In­di­ans Pay­ing Tax Abroad

The Economic Times - - Front Page -

A frame­work pro­posed by the Cen­tral Board of Di­rect Taxes for grant­ing re­lief in lieu of in­come tax paid out­side In­dia will give clar­ity to In­dian com­pa­nies or in­di­vid­u­als hav­ing for­eign in­come. As per its draft for­eign tax credit rules, credit can be claimed on in­come tax, sur­charge and cess.

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