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

Notably, many Indian residents have started investing in the global market, especially in foreign shares of US stocks. While ...

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

MUMBAI : For non-resident Indians (NRIs), filing income tax returns (ITRs) in India can seem complex. But with increased ...

The ITAT Surat deleted a Section 271-I penalty against Gopal Chandak for non-filing of Form 15CA on non-taxable remittances, citing that rules were notified ...

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

Fundamentally, the tax code should not discriminate against its own citizens. Indeed, as Congress reexamines tax and ...

Living overseas won’t let you off the hook from certain tax obligations, as you’re still required to file a tax return with ...

Experts advise taxpayers to choose the correct ITR form and ensure full disclosure of both Indian and foreign dividend income ...

Market participants have voiced strong reservations about the Romanian government’s proposal to increase the capital gains ...

As a non-resident, transferring foreign assets into a foreign trust will not trigger any tax liability for you in India.