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

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 ...

Liberty Global Inc. is headed to federal appeals court Monday over the tax treatment of gains from its $3.25 billion foreign ...

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 ...

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

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

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.

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

It is very important to follow the deadline for filing tax, otherwise you will not get the benefit of tax exemption and may ...

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 ...

Additionally, if you plan to apply for the Additional Child Tax Credit or contribute to an IRA, this exclusion could disqualify you! An alternative to the Foreign Earned Income Exclusion is the ...

Bollywood superstar Shah Rukh Khan won a significant legal battle as the Income Tax Appellate Tribunal (ITAT) ruled in his ...