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Posted Wed, 11 Dec 2024 13:04:38 GMT by svvisesh
Hello, I received interests in my Indian bank account and tax is deducted at source by the bank. I file Income tax returns in India and also get refund back. My question is, when I do self assessment in UK, do I include the only Interest amount as foreign income and claim tax credit for the tax already deducted or do I have to add the refund amount to the foreign income
Posted Tue, 17 Dec 2024 14:55:46 GMT by HMRC Admin 19 Response
Hi,
You will declare the full amount of interest, but you can only claim Foreign Tax Credit Relief for any tax still paid. If you have had a refund, this must not be inlcuded in the tax already paid.
Thank you.

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