Global Income Tax Filing

[“Navigate the complexities of global income tax filing with ease”]

Filing taxes for income earned outside of India can be a complex and confusing process. With different tax laws and regulations in different countries, it can be difficult to know how to properly file your taxes and claim any credits or deductions that you may be entitled to. At, we understand the complexities of global income tax filing, and we are here to help you navigate the process with ease.

Complexities Involved in Global Income Tax Filing:

  1. Understanding the tax laws and regulations of different countries
  2. Determining your residency status and the impact on your tax liability
  3. Calculating and reporting your foreign income and taxes paid
  4. Avoiding double taxation on income earned outside of India
  5. Claiming foreign tax credits and deductions

Provisions to Avoid Double Taxation on Income from Outside India:

To avoid double taxation on income earned outside of India, residents can claim relief under the Double Taxation Avoidance Agreement (DTAA) between India and foreign countries. This relief can take the form of a tax credit or exemption. Additionally, residents can also claim relief under the domestic Income Tax Act, by claiming deductions for taxes paid in the foreign country.

Key Points to Check in DTAA for Claiming Foreign Tax Credit by Resident:

  1. Eligibility: Check if you are eligible to claim a foreign tax credit under DTAA or not.
  2. Double Taxation Relief: Check the relief available to you in terms of double taxation.
  3. Maximum Credit Limit: Check if there is a maximum limit on the amount of foreign tax credit that can be claimed.
  4. Type of Taxes Covered: Check if the taxes you have paid are covered under the DTAA.
  5. Filing Deadline: Check if there are specific deadlines for filing a claim for the foreign tax credit.

Documents Required for Taking Foreign Tax Credits by Residents in India:

  1. Proof of payment of taxes in the foreign country
  2. Form 67 – Declaration of foreign assets and income
  3. Income tax return for the relevant assessment year
  4. DTAA certificate from the foreign tax authorities
  5. Any other relevant documents as required by the DTAA or Income Tax Act.

At, we are committed to providing you with accurate solutions for global income tax filing. Our team of experienced professionals will work with you to ensure that you are in compliance with all tax laws and regulations and that you are claiming all the credits and deductions to which you are entitled. Contact us today to learn more about our services and how we can help you navigate the complexities of global income tax filing.