New form 44 replacing form 67

𝐔𝐒 𝐓𝐚𝐱 𝐃𝐞𝐝𝐮𝐜𝐭𝐞𝐝 𝐀𝐛𝐨𝐯𝐞 ₹1 𝐋𝐚𝐤𝐡? 𝐓𝐡𝐢𝐬 𝐈𝐬 𝐌𝐚𝐧𝐝𝐚𝐭𝐨𝐫𝐲 𝐈𝐟 𝐘𝐨𝐮 𝐖𝐚𝐧𝐭 𝐅𝐓𝐂 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚.

𝐈𝐟 𝐭𝐚𝐱 𝐝𝐞𝐝𝐮𝐜𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐲𝐞𝐚𝐫 𝐞𝐱𝐜𝐞𝐞𝐝𝐬 ₹1,00,000

𝐚𝐧𝐝 𝐲𝐨𝐮 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐜𝐥𝐚𝐢𝐦 𝐅𝐨𝐫𝐞𝐢𝐠𝐧 𝐓𝐚𝐱 𝐂𝐫𝐞𝐝𝐢𝐭 (𝐅𝐓𝐂) 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚…

👉 Filing Form No. 44 is mandatory.

👉 And it must be verified by a Chartered Accountant.

𝐄𝐚𝐫𝐥𝐢𝐞𝐫, 𝐰𝐞 𝐮𝐬𝐞𝐝 𝐭𝐨 𝐟𝐢𝐥𝐞 𝐅𝐨𝐫𝐦 67.

Now, under the Draft Income-tax Rules, 2026 —

Form 67 has been replaced with Form 44.

This typically applies to:

✔ US dividends

✔ Capital gains from foreign shares (if tax deducted)

✔ Overseas consulting income

If the total US tax deducted is more than ₹1 lakh:

CA-Signed Form 44 is compulsory.