If you earn income overseas and pay tax abroad, you could save big on your Indian tax bill. Claiming Foreign Tax Credit (FTC) ...

Foreign trust reporting obligations can apply to a domestic trust established even within the US and the recent regulations ...

Editor: Mary Van Leuven The U.S. government imposes federal excise taxes that can affect a surprising variety of companies.

Learn how Indian residents earning foreign income can claim Foreign Tax Credit (FTC) for FY 2024-25. Understand Form 67 submission, DTAA, and ...

Recent court holdings allowing the credit against the tax may encourage similarly situated taxpayers, but procedural hurdles ...

ITAT Kolkata held that filing of Form No. 67 is directory and no mandatory and the credit for foreign taxes cannot be denied for mere delay in filing the Form No. 67. Accordingly, appeal of the ...

Avoid double taxation on your foreign income. Here's everything you need to know for smoothly claiming your foreign tax ...

Proposed Section 899 of a U.S. tax bill would substantially increase tax rates on foreign investors from countries deemed ...

A proposal in the House version of President Trump’s tax and spending cut bill that could levy a 20 percent tax on foreign investors from countries that “discriminate” against the U.S. has fo… ...

Obtain Form W-9 from nonresident citizens rather than Form W-8BEN. If a foreign affiliate can claim U.S. residency for income tax purposes because she spent a certain amount of time in the U.S ...