Cost-effective Form 67 — foreign tax credit claim in India

Form 67 — who files it, when it is due, what late filing costs, and what we charge to prepare it. India (Income Tax Department). Cost-effective Form 67 with a fixed fee agreed in writing before any work starts. Call the 24-hour helpline on +1 (416) 619-0068, or request a written quote today.

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Secure a fixed quote

Your own file sets the fee. Send it over, and a written quote arrives before anything is prepared.

24-hour helpline: +1 (416) 619-0068
  • 24-hour helpline: +1 (416) 619-0068
  • Offices in India, the USA, Canada and the UAE
  • Google rating 5.0 out of 5
In 60 words

Form 67 is a relief or credit claim: The statement of foreign income and foreign tax paid that supports a foreign tax credit claim in an Indian return. Indian residents with foreign income that was taxed abroad — salary, dividends, interest, capital gains or business profits.

Whether this is your situation

Indian residents with foreign income that was taxed abroad — salary, dividends, interest, capital gains or business profits.

Everything else on this page follows from this. The credit is claimed through this statement, and the fiscal-year mismatch is the practical problem: India's year does not line up with most countries', so the foreign tax has to be mapped to the Indian year before the claim can be computed.

The team reviewing a file together at a desk

Form 67 India — priced before we start

The fee for a Form 67 foreign tax credit claim rests on how many countries and income streams the foreign tax comes from, and on the year mismatch: tax paid abroad on a different fiscal year has to be mapped onto the Indian year before the credit can be computed. Salary from one country is not the same job as dividends, interest and gains from several.

NRI Indian return (ITR-2) — fixed-fee price

From $349

fixed, quoted before work starts

The Indian return on India's own year, reconciled against the department's information statement, with treaty relief and the deduction-at-source credits properly claimed.
See the full fee page

US return from abroad (1040 + 2555/1116) — fixed-fee price

From $449

fixed, quoted before work starts

The US individual return prepared from abroad, with the exclusion and the foreign tax credit computed together rather than one or the other, plus the account and asset reports that travel with it.
See the full fee page

Individual tax filing

From $349

fixed, quoted before work starts

Returns for people whose tax position did not stay in one country, including the years residence itself is in question.
See the fee schedule

Foreign asset & information reporting

From $349

fixed, quoted before work starts

The information returns that carry the heaviest penalties — foreign accounts, foreign property, foreign affiliates — prepared from one asset list.
See the fee schedule

Non-resident & departure filings

From $349

fixed, quoted before work starts

For anyone taxed by a country they do not live in — rent, pensions and investment income reaching across a border after the move.
See the fee schedule

Catch-up & voluntary disclosure

From $349

fixed, quoted before work starts

Bringing an unfiled history current: which years are still open, which programme applies, and what the exposure is before you commit.
See the fee schedule

Estate & trust filing

From $799

fixed, quoted before work starts

For an estate holding property in more than one country, or a trust with beneficiaries who are taxed somewhere else.
See the fee schedule

Corporate cross-border filing

From $999

fixed, quoted before work starts

Returns for companies with foreign subsidiaries, foreign income or foreign shareholders, and the schedules each of those triggers.
See the fee schedule

All published fees on one page — every engagement, one list, no ranges hiding surprises.

What the reporting test actually looks at

What decides whether Form 67 applies
What has to be establishedEvidence we work from
The obligationThe statement of foreign income and foreign tax paid that supports a foreign tax credit claim in an Indian return.
Who it bindsIndian residents with foreign income that was taxed abroad — salary, dividends, interest, capital gains or business profits.
Jurisdiction and authorityIndia — Income Tax Department
Category of filingRelief or credit claim

When it is due

A claim generally has to be made on a return filed for the year in question, which makes the return deadline the claim deadline. Some claims can be made on an amended return within the reassessment window; others are lost if not made on the original filing, so the two are worth distinguishing before a late filing. The deadline is set out in writing with the engagement, along with what has to be in our hands to meet it.

What late or missed filing costs

Missing a claim usually costs the relief rather than a penalty — which is why it goes unnoticed. The money is real: an unclaimed credit or exclusion is tax paid twice on the same income, and depending on the claim it may or may not be recoverable by amending later. None of that is unusual, and none of it is unfixable. It is, however, cheaper to address before an authority raises it.

Worked through with figures

Numbers make this concrete, so here is the same rule applied to a set of figures.

Credit relief on one stream of income

Take C$148,000 of income taxed in both countries. Assume the other country charged 28% on it and the home country would charge 38% on the same amount.

Credit relief on one stream of income
ItemAmount
Income taxed in both countriesC$148,000
Tax paid abroad (assumed 28%)C$41,440
Home tax on the same income (assumed 38%)C$56,240
Credit available (lesser of the two)C$41,440
Home tax still payableC$14,800

The credit absorbs C$41,440 and leaves C$14,800 payable at home, because the home rate on this income is the higher of the two. The balance is real cash and it is due on the home timetable, which is why instalments get raised in the first meeting. The shape of that result holds; the size of it depends entirely on your own numbers and dates.

Illustrative figures, not a client engagement: the amounts are chosen to make the mechanism legible, and the rates and thresholds are assumptions stated for the example only. We confirm every one of them against the issuing authority for your own tax year before anything is filed.

How we prepare and file it, and what it costs

Form 67 is priced as part of the filing set it travels with, quoted in writing before any work begins. A change in scope is re-quoted rather than added to the invoice. See the permanent establishment in India — service PE and secondments for comparable engagements.

What working with us looks like

  1. 1A call to the 24-hour helpline to find out whether this is a filing or a project
  2. 2A fixed fee for a written scope — re-quoted if the scope changes, never invoiced silently
  3. 3Preparation against the evidence, with the positions documented as we go
  4. 4Your approval, then the filing — in that order
  • Fixed fees agreed before any work starts, so the number in the quote is the number on the invoice.
  • A 24-hour helpline, +1 (416) 619-0068, before you commit to anything.
  • Rated 5.0 out of 5 stars on Google, on a profile open for you to read.

If you already have an adviser, we will tell you what they should be asking rather than replacing them.

Reviewed against current guidance for the 2025 and 2026 filing seasons by Udit Gupta, Cross-Border Tax Expert, Legal Quotient Consultants. This is general information rather than advice about your file — a short call is the way to get the second.

Where how to claim foreign tax credit comes into this file

People reach this page searching for how to claim foreign tax credit. It is covered here as it applies to Form 67 — who it applies to, what has to be filed, and what it costs, at a fixed fee agreed before the work starts.

People also search for: foreign tax credit in india · india foreign tax credit · foreign income tax · how to report foreign income · reporting foreign assets.

The credit is claimed through this statement, and the fiscal-year mismatch is the practical problem: India's year does not line up with most countries', so the foreign tax has to be mapped to the Indian year before the claim can be computed.

How the engagement runs, phase by phase

  1. Send the documents as they are

    No tidying required — forward what you have and we tell you what is missing.

  2. Get a fixed quote in writing

    Priced from your actual documents before any work begins, not estimated after.

  3. Both countries prepared together

    One team builds the filings against each other so the relief lands exactly once.

  4. Review, then file

    You approve the finished work before we file it.

What you are actually buying with form 67 India

Factor Legal Quotient Hourly billing model
Pricing A fixed fee, agreed in writing before work starts Hourly, billed as incurred
Experience 15+ years of cross-border work, 18,000+ clients Varies by file
Both sides of the border Prepared together by one team, so relief is claimed exactly once One country at a time, reconciled later
Who reviews it A named practitioner, published on the page Whoever the queue reaches
Where the work happens Our offices in India, the USA, Canada and the UAE Whichever single office you can travel to

Four terms worth pinning down

Resident contributor
A person resident in the country who transferred or loaned property to a foreign trust — which is enough to make the trust deemed resident under some rules.
Transfer certificate
The document that releases US-situs assets held by a custodian after a non-resident's death — the practical bottleneck in a cross-border estate.
Cost plus method
A method testing the mark-up on costs earned by a manufacturer or service provider under limited risk.
DEMPE
Development, enhancement, maintenance, protection and exploitation — the functions that determine which entity is entitled to an intangible's return, regardless of legal ownership.
form 67 India: Our analysis

The credit is claimed through this statement, and the fiscal-year mismatch is the practical problem: India's year does not line up with most countries', so the foreign tax has to be mapped to the Indian year before the claim can be computed.

Whichever way the facts cut, you keep the same footing: a fee agreed in writing beforehand, a named practitioner reviewing the file, and nothing filed until the work is delivered and approved.

Form 67 India — what the published fees look like

Below that, the published fees cover claims where the evidence has to be assembled rather than simply transcribed — withholding certificates, foreign assessments and proof of tax actually paid. Whether the Indian return is being prepared alongside the statement, or revisited after it was filed without one, also moves the quote.

NRI Indian return (ITR-2)

$349fixed, before work starts

Covers: The Indian return on India's own year, reconciled against the department's information statement, with treaty relief and the deduction-at-source credits properly claimed.

What makes it bigger: Property and capital gains together. Rent with deduction at source is routine; a property sale in the same year brings computation, indexation and often a certificate application.

See this fee page

US return from abroad (1040 + 2555/1116)

$449fixed, before work starts

Covers: The US individual return prepared from abroad, with the exclusion and the foreign tax credit computed together rather than one or the other, plus the account and asset reports that travel with it.

What makes it bigger: The number of foreign accounts and foreign funds. A salary and one bank account is a straightforward return; six accounts and a portfolio of local mutual funds brings election work and additional reporting.

See this fee page

The difference a dedicated cross-border team makes

The fee is fixed before we start

Quoted from your documents and agreed in writing. The number you accept is the number you pay.

The reporting penalties get named early

The heaviest exposure on a cross-border file is usually a disclosure form, not the tax. We identify which ones apply before a deadline turns into a penalty.

The quote comes from your documents

Nothing is priced from a phone call. We read what you have first, then the fee is set — so the scope and the number are agreed on the same evidence.

4 global offices

Meet us in person in India, the USA, Canada and the UAE, or send everything through the secure portal — the same process either way.

The team at work in the open-plan office

Form 67 India — the four phases

Step 1

Establishing the facts

A call to our 24-hour helpline to establish the facts and the dates that matter

Step 2

Agreeing the fee

A written scope and a fixed fee before any work starts

Step 3

Drafting and review

Preparation, then a named reviewer's sign-off before anything is filed

Step 4

Filing and follow-up

Filing, then payment — after you have seen and approved the result

Two of the firm’s advisers at the glass desk in the Delhi office

From first document to filed return

  • Step 1: Hand over the paperwork in any state – Sorting it is our job. Send what exists and we identify what is missing from it.
  • Step 2: Priced before a single form is opened – The fee comes from the documents, agreed in writing, and stays where it was agreed.
  • Step 3: One position across every return – The same facts, filed consistently on each side, so nothing contradicts anything else.
  • Step 4: Filed after you have read it – The completed work reaches you before it reaches an authority.

Quoted up front, in writing.

Contact Us 24-hour helpline +1 (416) 619-0068

The rest of this practice

Browse sideways: the pages below answer the neighbouring questions.

Core services for this situation

India ↔ United Kingdom — DTAA India ↔ United Kingdom — DTAA — the guide, the FAQ and the fixed fee.
UK VAT registration The full guide to UK vat registration, with the fee fixed before any work starts.
Drop-shipping tax exposure Its own page: drop-shipping tax exposure — mechanism, deadlines and published fees.
Treaty shopping & beneficial ownership Everything on treaty shopping beneficial ownership, at the same depth as this page.
Residency planning Residency planning — the guide, the FAQ and the fixed fee.
Schedule FA — reporting foreign assets in an Indian return The full guide to schedule fa — reporting foreign assets in an Indian return, with the fee fixed before any work starts.
Exit strategy for founders Its own page: exit strategy for founders — mechanism, deadlines and published fees.
Foreign tax credit in India (Form 67) Everything on foreign tax credit in India (form 67), at the same depth as this page.
Crypto on emigration from Canada Crypto on emigration from Canada — the guide, the FAQ and the fixed fee.

Who we help

Advisors & referral partners cross-border tax Advisors & referral partners cross border tax — the guide, the FAQ and the fixed fee.
Seafarers & mariners — relief you're probably missing The full guide to seafarers & mariners relief you're probably missing, with the fee fixed before any work starts.
Oil & gas rotational workers — your filing calendar Its own page: oil & gas rotational workers your filing calendar — mechanism, deadlines and published fees.
Physicians & surgeons — your filing calendar Everything on physicians & surgeons your filing calendar, at the same depth as this page.
Touring musicians — relief you're probably missing Touring musicians relief you're probably missing — the guide, the FAQ and the fixed fee.
Construction & contracting — what you owe in each country The full guide to construction & contracting what you owe in each country, with the fee fixed before any work starts.
Tax for authors & screenwriters Its own page: authors & screenwriters tax — mechanism, deadlines and published fees.
Tax for nurses working abroad Everything on nurses working abroad tax, at the same depth as this page.
Tax for civil & structural engineers Civil & structural engineers tax — the guide, the FAQ and the fixed fee.

The corridors we work every week

India–Singapore tax corridor India Singapore tax — the guide, the FAQ and the fixed fee.
US–UAE tax corridor The full guide to US UAE tax, with the fee fixed before any work starts.
India–Australia tax corridor Its own page: India Australia tax — mechanism, deadlines and published fees.
Vietnam tax for expats — country guide Everything on Vietnam tax for expats, at the same depth as this page.
India–United Kingdom tax corridor India United Kingdom tax — the guide, the FAQ and the fixed fee.
Poland tax for expats — country guide The full guide to Poland tax for expats, with the fee fixed before any work starts.
Peru tax for expats — country guide Its own page: Peru tax for expats — mechanism, deadlines and published fees.
United States tax for expats — country guide Everything on United States tax for expats, at the same depth as this page.
Oman tax for expats — country guide Oman tax for expats — the guide, the FAQ and the fixed fee.

The people on your file

Five named practitioners, each with the part of a cross-border file they carry. Every page on this site says who reviewed it, and the reviewer is one of these people rather than an unnamed team.

Udit Gupta

Udit Gupta

Cross-Border Tax Expert

CA (ICAI), In-Depth Tax Trained

Reviews and signs off the practice's cross-border positions, and carries final responsibility for the treaty analysis on every file that leaves the office.

Abhinav Gupta

Abhinav Gupta

Canada Tax / International Tax

Canada Tax, International Tax, Cross-Border Tax, Transfer Pricing

Canadian returns with foreign income, non-resident filings, and the transfer-pricing documentation that runs alongside intercompany work.

Raghav Gupta

Raghav Gupta

International Tax

International Tax, Transfer Pricing Specialist

Benchmarking, method selection and the local-file and master-file sets that support a group's pricing policy under examination.

Anmol Mittal

Anmol Mittal

Canada and US tax

CPA Canada, CPA USA, CA (ICAI)

Files that have to be right on both sides of the border at once — dual filings, streamlined catch-ups, and the foreign tax credit reconciliation between them.

Vinayak Indolia

Vinayak Indolia

CFO advisory

CPA, CA. Fractional CFO and Senior Advisory Specialist

Groups that need the tax position and the finance function to agree: structure reviews, intercompany policy, and the reporting a board can act on.

Meet the whole team

Files that look like this one

Case study 1

Indian Rent Collected While Resident Somewhere Else

Rent from Indian property is taxed in India and again where you live, with relief on one side only. The file gets the Indian deduction right first, then claims the credit on the home return against what was actually paid.

Read how this one runs
Case study 2

Accounts Reported Late When the Income Already Was

Where the income was on the return and only the account report was missed, a narrow route allows late filing with a reason attached. It is open only while no income is unreported and no examination has begun, which is why it is checked first.

Read how this one runs
Case study 3

Tax Deducted When Buying From an NRI

Withholding on a sale by a non-resident is applied to the sale value rather than to the gain, so it routinely exceeds the tax due. A lower-deduction certificate obtained before completion avoids locking the difference up.

Read how this one runs
Case study 4

The Year of Leaving India

The departure year carries a transition status with its own treatment of foreign income, and the position for the following years follows from how it is set. Getting the first year right saves arguing about the rest.

Read how this one runs
Case study 5

Coming Back to Canada After Years Abroad

Returning restarts Canadian residence and re-values what you own on the day you arrive. Foreign pensions, employer plans and accounts opened abroad each land differently, and the reporting thresholds are tested against the whole portfolio rather than each account.

Read how this one runs
Case study 6

A US Filer Married to Someone Outside the System

Electing to treat a non-resident spouse as a US filer buys joint rates and brings that spouse's worldwide income and foreign accounts into the return. The election is easy to make and hard to revoke, so both positions are modelled first.

Read how this one runs
Case study 7

A TFSA That Costs More Than It Saves

Canadian tax-free accounts are not tax-free to a US person, and some of them carry a reporting form of their own. The file is a review of what is held, what each account triggers on the US side, and whether the account is worth keeping once the reporting is priced in.

Read how this one runs
Case study 8

A Margin Defended With a Benchmarking Set That Fits the Facts

A comparables set is only as good as the screening behind it, and a rejected set takes the margin with it. The study selects the tested party first, screens on function rather than on industry code, and records why each comparable survived.

Read how this one runs

All case studies — every published engagement in one place.

Core International & Cross-Border Tax Services

International Tax Planning & Advisory

Strategy and compliance for income, assets and families spread across borders.

One coordinating team: filings on every side of the border are sequenced so treaty relief and foreign tax credits are claimed once — and in the right country.

U.S. & Cross-Border Tax Returns

Dual filers: U.S. citizens in Canada and Canadians with U.S. income run two parallel systems — we prepare both, in the right order, every year.

Expat & Emigration Tax

The move year is its own project: the elections and valuations filed that year decide the next decade of both countries’ returns.

Non-Resident Canadian Tax

Default withholding is 25% of gross: elective returns routinely turn over-withheld rent and pensions into refunds.

Transfer Pricing & BEPS

Documentation prepared with the return is the cheapest insurance in international tax; reconstructing it during an audit is the most expensive.

Cross-Border Estates & Trusts

Wills drafted for one country routinely misfire in the other — deemed disposition here, estate tax there, credits in between.

Cross-Border Corporate Tax

Expansion raises the same four questions every time — entity, PE, repatriation, payroll. We answer them before the tax authorities do.

India Tax for NRIs & Returning Residents

The deduction is taken on the sale price, not the gain — which is why an NRI property sale strands cash unless the certificate is applied for before closing.

Canadian Tax with a Foreign Element

Residency is decided on facts, not on a form — and the year you arrive or leave is the one where the largest amounts turn on the smallest details.

UAE Tax for Expats & Their Home Country

A zero-tax country is only half the answer — the question that decides the bill is whether the country you came from still treats you as resident.

Industries & Client Types We Serve Worldwide

Global E-commerce & Marketplaces
Technology & SaaS
Professional Services Firms
Cross-Border Real Estate
Importers, Exporters & Manufacturers
Athletes, Artists & Entertainers
Remote Workers & Digital Nomads
Investment Funds & Holding Companies

Global E-commerce & Marketplaces

  • Foreign VAT / GST / sales tax registrations
  • Marketplace withholding reviews
  • Inventory nexus & PE analysis
  • Multi-currency books reconciled
Explore E-commerce & Marketplaces

Technology & SaaS

  • Cross-border revenue sourcing & withholding
  • IP structuring with real substance
  • Equity for cross-border teams
  • U.S. expansion: entity & PE setup
Explore Technology & SaaS

Importers, Exporters & Manufacturers

  • Transfer pricing documentation (s.247)
  • Customs value vs transfer price
  • Foreign affiliate reporting (T1134)
  • Country-by-country reporting
Explore Trade & Manufacturing

Athletes, Artists & Entertainers

Performance income is taxed where earned — Regulation 105 in Canada, withholding agreements in the U.S. — with special treaty articles overriding the usual rules.

Performance income is taxed where the performance happens, and the deduction is usually taken at source on the gross fee before expenses. Recovering the difference is a filing exercise in the other country, and it only works if the tour, the residency and the withholding certificates were documented while the work was being done.

  • Reg 105 & U.S. CWA agreements
  • Multi-state & country calendars
  • Touring income allocation
  • Royalty & image-rights withholding
Explore Athletes & Entertainers

Remote Workers & Digital Nomads

  • Residency analysis before moving
  • Employer payroll exposure
  • Totalization & social security
  • Foreign tax credits
Explore Remote Workers

Investment Funds & Holding Companies

  • Treaty access & PPT reviews
  • FAPI & surplus computations
  • Withholding-efficient routing
  • Governance & substance
Explore Funds & Holdcos

Form 67 — questions we are asked

Do I file Form 67 even if no tax is owed?

Relief or credit claim obligations of this kind are generally required on the facts rather than on the tax result, so a nil position does not remove one. Indian residents with foreign income that was taxed abroad — salary, dividends, interest, capital gains or business profits.

What happens if I have missed Form 67 for several years?

Missed years are dealt with as a package rather than one at a time, because the route chosen for the first year affects the relief available for the rest. We map the years and the obligations before anything is filed.

Is Form 67 the same as the other reports I already file?

No. The statement of foreign income and foreign tax paid that supports a foreign tax credit claim in an Indian return. Satisfying a different obligation, even one covering the same accounts or entity, does nothing for this one.

How do I file Form 67?

Form 67 is the claim for foreign tax credit in an Indian return, filed online before you file the return it relates to. It reports the foreign income, the tax paid abroad and the treaty article relied on, and it needs the foreign tax evidence behind it. File it late or leave it out and the credit is at risk even when the underlying tax was genuinely paid. See foreign tax credit in India.

How is foreign tax credit claimed in India?

By furnishing Form 67 with proof of the foreign tax — the certificate or statement from the other country's authority or payer — and by relieving the income under the specific DTAA article rather than generally. The credit is limited to the Indian tax on that income, and it is computed source by source rather than in one pool. The deadline for furnishing Form 67 has been amended more than once, so we confirm it for the year rather than assume. See foreign tax credit in India.

What is a foreign tax credit?

A credit against your home-country tax for income tax you already paid to another country on the same income, so the same amount is not taxed twice at full rates. It is capped: you cannot credit more than your home country would have charged on that income, which is why a higher foreign rate leaves an unused balance rather than a refund. In the US it is claimed on Form 1116, in Canada on the T2209 and T2036, in India on Form 67. See Form 1116.

No hourly billing, ever

Ready to deal with Form 67?

Tell us the situation and we quote in writing before any work starts. You approve the result before it is filed.

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Where our partners studied — CPA Canada (In-Depth Tax Program), AICPA, the Institute of Chartered Accountants of India and the Malaysian Institute of Accountants.

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