If you've moved abroad, there's always one thing that brings you back home: taxes. Americans are subject to US taxes no ...

Pune ruled that while Form 67 was filed late, it was available with CPC at the time of processing the return. The tribunal held that filing Form 67 within the due date is a procedural requirement ...

The Income Tax Appellate Tribunal (ITAT) Pune ruled in favor of Preeti Das, allowing her Foreign Tax Credit (FTC) claim despite the late filing of Fo ...

A Tenth Circuit judge expressed wariness Monday of Liberty Global Inc.'s arguments for revival of its disallowed foreign tax ...

Shah Rukh Khan has secured a crucial legal victory as the Income Tax Appellate Tribunal (ITAT) ruled in his favour, dismissing reassessment proceedings for 2011-12. The decision underscores the ...

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. Listen to Story ...

The tax department denied his foreign tax credit (FTC) for UK taxes paid, increasing his taxable income to Rs 84.17 crore, and initiated reassessment beyond the four-year statutory limit. The dispute ...

In the litigation over his income-tax return, the tax officer argued that Khan’s declared income of Rs 83.42 crore for the assessment year 2012-13, rejecting his claims for foreign tax credit (FTC) ...

Proper tax compliance can help you avoid legal disputes and ensure you benefit from Foreign Tax Credit (FTC) provisions. A recent case involving a Bollywood actor highlights how accurate tax reporting ...

The reassessment was initiated after the tax officer denied his claim for foreign tax credit on income earned in the UK, recalculating his income as Rs 84.17 crore instead of the declared Rs 83.42 ...

The humiliation of Ukraine. What is going on with U.S. foreign policy? Some see it as driven by President Trump’s personal greed or fondness for dictators. Both might ring true, but neither ...