ITO before the ITAT Pune pertains to the denial of Foreign Tax Credit (FTC) due to the delayed filing of Form 67. The assessee, a resident taxpayer, had declared an income of ₹28,88,780 for AY 2021-22 ...

As a U.S. citizen or resident alien residing overseas, understanding your tax responsibilities is crucial. The U.S. tax system requires you to report worldwide income, ensuring compliance and avoiding ...

In 2025, the IRS increased several key tax credits, providing taxpayers with greater opportunities to save. Whether you’re a ...

Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The ...

You get two more months to file the tax return if you work outside USA or serve in military or naval service on duty outside the country. However, this does not mean that you get two more months to ...

The Earned Income Tax Credit (EITC) is a federal tax incentive aimed at supporting low-to-moderate-income workers.

New IRS educational materials from the 2024 Nationwide Tax Forum cover international tax topics such as proper FBAR and FATCA reporting of foreign income and assets.

The Union cabinet approved the income tax bill on 7 February to replace the existing law, and it is expected to be tabled in ...

The Earned Income Tax Credit is a federal tax benefit for workers with low or moderate incomes, regardless of whether they ...

The disability tax credit (DTC) is a non-refundable tax credit that helps people with disabilities, or their supporting family member, reduce the amount of income tax they may have to pay. If you have ...

Depending on your adjusted gross income (AGI), you can get 10%, 20% or 50% of your money back on: To claim the saver's credit ...

The announcement of Nil tax for those with taxable income of up to Rs 12 lakh has brought cheer to all who fall in that category. However, many who are marginally above that ceiling will end up taking ...