What Is Form 67?

Form 67 is an online statement filed by a resident taxpayer who wants to claim credit in India for tax paid or deducted outside India on foreign income.

Foreign Tax Credit may be claimed:

• under Sections 90 or 90A where India has an applicable Double Taxation Avoidance Agreement;
• under Section 91 where no such agreement exists; or
• where Form 67 is required to report a foreign-tax refund relating to credit claimed in an earlier year.

Any foreign tax exceeding the amount eligible under the applicable tax treaty is ignored while determining the credit. Foreign Tax Credit cannot ordinarily be claimed against interest, fee or penalty payable under the Income-tax Act.

Who Should File Form 67?

Form 67 should be filed by a taxpayer who:

• qualifies as a resident in India for the relevant year;
• has income from a country or specified territory outside India;
• has paid foreign tax or suffered foreign tax deduction on that income;
• has offered the corresponding foreign income to tax in India; and
• intends to claim Foreign Tax Credit in the Indian income-tax return.

Documents and Information Required

Keep the following information ready before starting Form 67:

• PAN and active e-filing account;
• relevant assessment year;
• country or specified territory from which the income arose;
• foreign Taxpayer Identification Number, where available;
• nature and source of foreign income;
• amount of foreign income offered to tax in India;
• amount of tax paid or deducted outside India;
• applicable DTAA article, where a tax treaty applies;
• Indian tax payable on the corresponding income;
• exchange-rate working;
• details of any disputed foreign tax; and
• details of any foreign-tax refund relating to credit claimed earlier.

You should also keep a certificate or statement specifying the nature of income and foreign tax paid or deducted. It may be obtained from:

• the foreign tax authority;
• the person responsible for deducting the foreign tax; or
• the taxpayer, supported by payment or deduction evidence.

Where the tax was paid directly, attach the payment acknowledgement, bank counterfoil or challan. Where tax was deducted, attach proof of deduction.

Step 1: Calculate the Eligible Foreign Tax Credit

Before opening Form 67, calculate the foreign income and eligible credit country-wise and source-wise.

Foreign tax should be converted into Indian rupees using the applicable telegraphic transfer buying rate on the last day of the month immediately preceding the month in which the foreign tax was paid or deducted.

Ensure that the same foreign income is included under the appropriate income head in the Indian return.

Step 2: Log In to the Income Tax E-Filing Portal

Visit the Income Tax Department’s e-filing portal.

Log in using:

• PAN or user ID;
• password; and
• the applicable security verification.

The taxpayer should be registered on the portal and the PAN should be active. PAN-Aadhaar linking is recommended where applicable.

Step 3: Open the Income Tax Forms Section

After logging in, go to:

This section contains statutory forms available for online filing.

Step 4: Search for Form 67

Search for Form 67 on the File Income Tax Forms page.

During the transition between the two Income-tax Acts, select Form 67 under the tab or category relating to the Income-tax Act, 1961.

Step 5: Select the Correct Assessment Year

Choose the assessment year to which the foreign income and Foreign Tax Credit relate.

Selecting the wrong assessment year may result in a mismatch between Form 67 and the income-tax return.

Click Continue.

Step 6: Start Preparing the Form

Review the instructions displayed on the portal and click Let’s Get Started.

Form 67 contains four main sections:

1. Part A
2. Part B
3. Verification
4. Attachments

Step 7: Complete Part A

Part A contains the taxpayer’s basic details and information relating to foreign income and Foreign Tax Credit.

Confirm the prefilled details, including:

• name;
• PAN;
• address; and
• assessment year.

Enter the foreign-income details country-wise and source-wise, including:

• country or specified territory;
• source of income;
• foreign income included in the Indian return;
• foreign tax paid or deducted;
• Indian tax payable on the income;
• section under which relief is claimed;
• relevant DTAA article and rate, where applicable; and
• Foreign Tax Credit claimed.

Income may include:

• salary;
• house-property income;
• business or professional income;
• capital gains;
• interest;
• dividend;
• royalty;
• fees for technical services; or
• other income.

Click Save after entering the details.

Step 8: Complete Part B

Part B contains questions relating to:

• refund of foreign tax resulting from carry-back of losses or another adjustment; and
• foreign tax that is disputed.

Provide the relevant information where:

• a foreign tax authority has refunded tax for which credit was claimed in India in an earlier year; or
• the foreign tax liability is under dispute.

Click Save.

Step 9: Complete the Verification Section

Open the Verification section.

Enter the required declaration and verification details. The taxpayer or authorised person must confirm that the particulars provided in Form 67 are correct and complete.

Review the name, capacity and other verification information before saving the section.

Step 10: Upload Supporting Documents

Open the Attachments section and upload the supporting evidence of foreign tax.

Depending on the case, the attachment may include:

• foreign withholding-tax certificate;
• foreign tax return or assessment document;
• certificate issued by the foreign tax authority;
• certificate or statement issued by the payer;
• payslip showing foreign tax deduction;
• broker or dividend-tax statement;
• tax-payment challan;
• online tax-payment acknowledgement; or
• bank proof of foreign tax payment.

The supporting document should identify the nature of income and the amount of tax deducted or paid.

Step 11: Preview the Form

After completing all four sections, click Preview.

Check that:

• the assessment year is correct;
• foreign income matches the income reported in the ITR;
• country and TIN details are correct;
• the DTAA article has been correctly selected;
• Indian tax and foreign tax amounts are accurate;
• the credit claimed does not exceed the eligible amount; and
• all required evidence has been attached.

Click Proceed to e-Verify after completing the review.

Step 12: Submit and E-Verify Form 67

Confirm the submission by clicking Yes.

Form 67 may be e-verified using the methods enabled for the taxpayer, including:

• Aadhaar OTP;
• Electronic Verification Code; or
• Digital Signature Certificate.

Step 13: Save the Acknowledgement

After successful e-verification, the portal displays:

• a success message;
• Transaction ID; and
• Acknowledgement Number.

Download and retain:

• the filed Form 67;
• acknowledgement;
• supporting documents;
• Foreign Tax Credit calculation; and
• exchange-rate working.

A confirmation is also sent to the mobile number or email address registered on the e-filing portal.

Step 14: Report the Credit in the Income-Tax Return

The foreign income and tax-relief details must also be correctly reported in the applicable return schedules, including:

• the relevant income schedule;
• Schedule FSI;
• Schedule TR; and
• Schedule FA, where foreign-asset reporting is applicable.

Schedule FSI contains the source-wise foreign income and tax details, while Schedule TR provides a country-wise summary of the tax relief claimed. The details in these schedules should be consistent with Form 67.

Common Mistakes to Avoid

Form 67 and Form 44: Key Difference

Conclusion

A resident taxpayer claiming Foreign Tax Credit for AY 2026-27 or an earlier year should file Form 67 online through the Income Tax Department’s e-filing portal.

The taxpayer should calculate the eligible credit, select the correct assessment year, complete Parts A and B, upload supporting evidence, e-verify the form and ensure that the figures match Schedules FSI and TR in the income-tax return.