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Deductions & credits
Thanks PK, this is really great..
Just couple of follow up Questions, if payments were made over a 10 year period, and Indian ITR has been filed now,
1) would the cost basis be after indexation and all which has been used to calculate gain for ITR purpose..
2) The TDS (paid at higher rate) was deducted in previous year and later on when ITR was filed in 2024, it was adjusted so I assume the "Foreign Taxes paid" would be the ultimately the Tax that was paid (Lower than the TDS paid).. is this correct?
March 18, 2025
10:24 PM