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 ...

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 ...

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

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

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 ...

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

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 ...

The ITAT bench has ruled that the income-tax department's reassessment of Shah Rukh Khan's case was not legally justified, ...