What is Form 67 and how to file it on Income Tax Portal?

[Diti_Savalia]

Imagine this: You’re working remotely for a US-based company, and getting paid in dollars. Because it’s a foreign income, the US deducts tax before paying you.

But you’re still a resident taxpayer in India, which means you have to report that income here as well.

Now the big question is: Do you have to pay tax on the same income again in India?

Not if you’ve filed Form 67.

So, what is Form 67?

Form 67 allows resident taxpayers to report foreign income that has already been taxed abroad and claim Foreign Tax Credit (FTC) in their Income Tax Return.

This credit is available because India has tax agreements with many countries, called Double Taxation Avoidance Agreements (DTAA), to make sure the same income isn’t taxed twice.

For that, you’ll need to fill out Form 67 with details like:

• The type of foreign income earned
• The amount of tax paid overseas
• The name of the country where it was taxed
• And the tax payable on that income in India

You must file Form 67 before filing your ITR under Section 139(1) to claim the Foreign Tax Credit

How to file Form 67?

You can file it online by following these steps:

1. Go to Income Tax Portal and log into your account
   

   

2. Navigate through e-File > Income Tax Forms > File Income Tax Forms
   

   

3. Type Form 67 in the search bar and click on “Persons not dependent on any Source of Income (Source of Income not relevant)” > File Now
   

   

4. Select the Assessment Year you are filing for and click Continue
   

   

5. Click Let’s Get Started to begin filling details
   

   

6. Provide the required details under each section of the form
   

   

7. In Part A, click on Add Details, enter the foreign income and tax details > Save
   

   

8. In Part B, select the relevant information > Save
   

   

9. Under the Verification section, review and confirm your declaration > Save
   

   

10. Attach the foreign tax certificate and payment proof of tax paid/deducted > Save
    

    

11. Click on Preview to check all the entered details before submission
    

    

12. After reviewing > Proceed To E-Verify
    

    

13. Select your preferred e-Verification method > Continue to submit Form 67
    

    

Once submitted and verified, Form 67 will be considered while processing your ITR.

[reema]

Have filed FORM 67 as suggested already. However while filing ITR through quiko platform, it doesn’t consider it. Connection to ITD portal from quiko is successful. It reads all other data but not form 67 details that I filed.

Can you please suggest in this case how to proceed. And which section in quiko I should refer to see these details if it is getting read automatically.

Secondly, form 67 I filled to claim the tax credit on dividend income on foreign equity which I hold. In which section in quiko I should show this dividend income ?

Kindly support

[AkashJhaveri]

Hello @reema

Form 67 is to be filed before you file your ITR to claim foreign tax credit. No details of Form 67 is to be mentioned in ITR.

You can refer to our help center article to claim foreign tax relief on Quicko:

Help center article