Form 67 / Form 44: Foreign Tax Credit Statement
Prepare the details for claiming credit in India for tax paid abroad on income that is taxed in both countries.
Law version: FY 2025-26 (Income-tax Act, 1961); Tax Year 2026-27 onwards (Income-tax Act, 2025). Checked on 26 Sep 2026.
What it is
A resident taxed in India on worldwide income can claim credit for tax paid in another country on the same income, under a tax treaty or the unilateral relief provisions. The claim is supported by a statement of the foreign income and tax: Form 67 under Rule 128 for FY 2025-26, and Form 44 under the Income-tax Rules, 2026 from Tax Year 2026-27. The credit is the lower of the foreign tax and the Indian tax on that income, computed country by country.
When it is used
- Residents with salary, dividends or interest taxed abroad.
- Returning NRIs who became resident in the year.
- Professionals and businesses earning fees from abroad with withholding tax.
What the template covers
- Assessee name, PAN and address
- Year and country of income
- Whether a tax treaty applies
- Nature and amount of foreign income
- Foreign tax paid and effective rates
- Credit claimed and supporting documents
Details you will need
The generator asks for the following. Fields marked with an asterisk in the form are required; the rest can be left blank and filled in later in Word.
Filing
Filing Date
Assessee
Assessee Name; PAN; Address; Financial Year / Tax Year
Foreign Income
Country where Income earned; DTAA Applicable?; Nature of Foreign Income; Foreign Income (in INR); Foreign Tax Paid (in INR); Effective Foreign Tax Rate (%)
India
Effective Indian Tax Rate on this Income (%); FTC Claimed (lower of foreign tax / Indian tax on doubly-taxed income, ₹)
Supporting
Supporting Documents
Stamp duty, registration and filing
The statement must be filed on the e-filing portal within the time allowed in the rules, which is linked to the return; filing it before or with the return avoids disputes. Proof of foreign tax paid or withheld is needed, such as a certificate from the foreign tax authority or the payer. Credit is not available for tax that is disputed abroad until it is settled. Check the current rule on incometax.gov.in.
Form 67 applies to FY 2025-26 (AY 2026-27). From Tax Year 2026-27 the statement is Form 44 under the Income-tax Rules, 2026.
Generate the Form 67 / Form 44 — Foreign Tax Credit Statement
Fill in the form and download the draft as a Word file. It is a general template, not legal or professional advice; have it reviewed for your facts before you sign or rely on it.
Need this checked against your facts, or the registration or filing that follows (e.g. TDS returns, ITR)? Contact SKAG and Associates
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Frequently asked questions
Is Form 67 mandatory to claim foreign tax credit?
Yes. The credit is allowed only if the statement is filed within the time allowed with the required proof.
What replaces Form 67 from Tax Year 2026-27?
Form 44 under the Income-tax Rules, 2026.
Can I claim credit for more than the Indian tax on the income?
No. The credit is limited to the lower of the foreign tax and the Indian tax on that income.
This page gives general information for reference only. Laws, stamp duty rates and filing requirements change and differ between States, so confirm the current position for your case. Related: all document templates · free tax calculators · compliance calendar and guides.