Recent court holdings allowing the credit against the tax may encourage similarly situated taxpayers, but procedural hurdles ...

Foreign tax credit is a key relief for Indian taxpayers with foreign income, but ambiguities in domestic laws and DTAAs ...

Learn how Indian residents earning foreign income can claim Foreign Tax Credit (FTC) for FY 2024-25. Understand Form 67 submission, DTAA, and ...

ITAT Kolkata held that filing of Form No. 67 is directory and no mandatory and the credit for foreign taxes cannot be denied for mere delay in filing the Form No. 67. Accordingly, appeal of the ...

The Senate passed its version of the One Big Beautiful Bill Act. The bill contains many tax provisions beyond extending ...

Some understand the bill as increasing the rate of U.S. foreign withholding tax by a maximum of 20 percentage points, either to 35 per cent from the 15 per cent rate available under the Canada-U.S ...

The Senate bill hands wins to Apple, Disney, Alphabet and Boeing by locking in an offshore safe harbor and restoring foreign ...

The bill just passed by the Senate excludes immigrants and their citizen relatives from certain tax credits while ...

BEIJING - China's finance, taxation, and commerce authorities on Monday unveiled a tax incentive granting foreign investors a ...

Provisions that aim to prevent U.S. tax credits from going to China are written in a way that could shut off just about all ...

Sen. John Curtis is a lead negotiator in the consideration of President Donald Trump's domestic policy, especially in ...

Gavin Newsom said on Wednesday he wants to see President Donald Trump “match the ambition” that California is enacting with this tax credit.