Friday, July 21, 2023

ITR Filing Form 67 for Foreign Stock Dividends

Filing Form 67 for Dividend tax to claim 25% Withheld Tax To avoid double taxation on foreign dividends Steps: 1. Go to https://eportal.incometax.gov.in/ 2. e-File [Menu] => Income Tax Forms => File Income Tax Forms 3. Persons not dependent on any Source of Income[3rd Tab] 4. Double Taxation Relief(Form 67) [14th form ie. 2nd page 4th form] 5. AY 2023-24 => Continue => Let's Get Started 6. Part A => Add Details i. Name of the country: USA ii. Source of income: Dividend iii. Rate(%): 25 iv. Tax Payable: 32% of (30+cess etc) v. 115JB/JC: 0 vi. Article: 10 vii. Rate of tax DTAA: 25% viii. Credit claimed 91: 0 ix. Add 7. Part B i. Refund of foreign tax: No ii. Credit for foreign tax: No 8. Part C => Father Name and Place 9. Part D => Upload 1042S

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