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.

American expats considering retiring abroad must carefully plan their investment and tax strategies before moving so as to ...

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 ...

Actor Shah Rukh Khan has secured a big victory with the Income Tax authorities, with the Income Tax Appellate Tribunal or ...

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

As per a new report, the ITAT bench held that reassessment of Shah Rukh Khan's case by the income-tax department was not ...