SHIJO SEBASTIAN
Shijo Sebastian is a seasoned Financial Consultant with over 25 years of experience in the insurance and financial services industry. As a committed LIC Advisor, he has been helping individuals, families, and business owners achieve financial security through expert guidance, protection planning, and long-term wealth solutions.
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News
NRIs with big foreign tax payment need to get CA certificate to claim tax credit in their ITRs in India under draft tax rules 2026
CNBC 27/02/2026
Indians working abroad can claim Foreign Tax Credit (FTC) by filing Form 67. Draft rules propose renumbering it to Form 44, requiring CA certificates for companies and individuals with foreign tax payments over Rs 1 lakh. These changes aim to enhance scrutiny and ensure bona fide claims, potentially increasing compliance costs.
Salaried individuals claiming HRA under the old tax regime must disclose their relationship with landlords in Form 124 if rent exceeds ₹1 lakh, per Draft Income Tax Rules, 2026.
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