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.

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 ...

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

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

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

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

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 ...

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… ...

CBDT has yet not released online utility for ITR-2 and ITR-3 whereas the same for ITR-1 and ITR-4 has been enabled ...

Salaried Individuals' ITR Filing Season for FY 2024-25 is Underway. Here's a Checklist of 8 essential documents you need.