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04/07/2016 – WTS Global/India: Central Board of Direct Taxes (CBDT) notifies rules for grant of Foreign Tax Credit (FTC)

The Central Board of Direct Taxes recently notified rules on claiming foreign tax credits under the Income-tax Act, 1961. The rules, inter alia, provide clarity on the foreign taxes that are creditable, the payments against which they are creditable and other important issues.

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