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 ...

the Foreign Tax Credit is a way to lessen your U.S. tax liability and offset income taxes paid to other countries. Earning passive income doesn't need to be difficult. You can start this week.

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

Hancock Life Insurance Company, F.4th 729 (11th Cir. 2024) that certain foreign tax credits that were generated as a result of 401(k) plan investments in separate accounts owned by John Hancock ...

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 ...

Khan's UK earnings were taxed in the UK, and India's DTAA with the UK allowed him to offset this tax against his Indian ...

Additionally, to the extent that China may offer tax credits to Chinese residents with ... the Administration's strengthened stance against foreign governments imposing discriminatory taxes ...

Actor Shah Rukh Khan has won a significant victory against the Income Tax authorities in his dispute over foreign tax credit ...

The recent FPI sell off in the market has resulted in incidence of significant capital gains in India, experts say ...