Foreign tax credit will be available against tax amount, surcharge and cess payable but not for interest, fee or penalty
2 min read1 Jul 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared