Businesses that need extra time to file their tax returns can request an automatic extension using IRS Form 7004, Application ...

A Bollywood actor wins a major tax case on Foreign Tax Credit (FTC). Learn how FTC works, key legal takeaways, and how to ...

Shah Rukh Khan has secured a crucial legal victory as the Income Tax Appellate Tribunal (ITAT) ruled in his favour, ...

This month, the Internal Revenue Service is predicting a rise in tax scams for 2025, and added four new eligible counties for ...

Get an in-depth guide on Philippine travel tax for foreigners, including rates, exemptions, payment methods, refunds, and key ...

In its ruling, the ITAT Pune concluded that the provisions of Rule 128 (9) are directory, not mandatory, aligning with judicial precedents emphasizing the supremacy of DTAA provisions in cases of ...

Learn the step-by-step process for filing corporate income tax in the Philippines and ensure compliance for your foreign ...

The foreign tax credit can help mitigate the impact of the alternative minimum tax (AMT) for taxpayers with income taxed abroad. While the AMT limits certain deductions and credits, it does allow a ...

Based on that information, it urged taxpayers to declare their foreign assets and income in revised income tax returns for the ... accounts and income in the form of interest and dividends earned ...

The CRA reassessed the taxpayer for those taxation years to include in his income amounts in connection with the Swiss bank account, and imposed both gross negligence penalties, and penalties for the ...

Over this period, he has also announced, suspended, announced again, and suspended again 25 percent tariffs on goods from ...