Taxation · Income Tax & Wealth Tax Forms
Read the following statements and select the correct option: Statement (I): Form BB was used for filing Wealth Tax Returns (Wealth Tax Act has been abolished). Statement (II): Form 67 is used to claim credit of foreign tax paid in a country or specified territory outside India.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement (I) and Statement (II) are correct
- 2Statement (I) is correct but Statement (II) is incorrect
- 3Statement (I) is incorrect but Statement (II) is correct✓
- 4Both Statement (I) and Statement (II) are incorrect
Correct answer
Statement (I) is incorrect but Statement (II) is correct
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