Computation of Foreign Tax Credit (‘FTC’) with respect to doubly taxed income is always a contentious issue. In this regard, CBDT has notified FTC rules which outline the manner and extent to which credit shall be granted.
Rakesh Nangia, Managing Partner and Neha Malhotra, Executive Director with inputs from Radhika Arora contributed an article on Foreign Tax Credit – Contemporary Position on Litigious Issues for Taxsutra.
