What is meant by Foreign Tax Credit?
Interested in knowing about foreign tax credit? Looking out for details on the web? Here, you can go through suggestions by experts and resolve your query.
I would like to know what does the term Foreign Tax Credit mean which is related to filing income tax. There are so many terms related to Income tax but this one is really confusing me and I could not find any clear information even in financial information websites.
Is this something beneficial to the tax payer or the employer? Request ISC members who have knowledge on this to answer my question with maximum possible detail.
An example would also help me to understand this easily.