The EV tax credit saw a major revamp in 2024, which enabled some buyers to benefit at the point of sale. But some tax ...

India has been receiving details of assets and income parked abroad by Indians under different information-sharing frameworks ...

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

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

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

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 ...

Tax season started on January 27 and will end on April 15, with the IRS expecting around 140 million returns within that ...

The National Board of Revenue (NBR) will take a tough stance against individuals who did not file income tax returns, NBR ...

Khan had declared an income of Rs 83.42 crore in his tax return, but the tax officer reassessed it as Rs 84.17 crore and denied him foreign tax credit (FTC) for taxes paid in the UK.

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 ...