Adv. Sachin P. Kumar successfully represented his client in Foreign Tax Credit dispute before the Income Tax Appellate ...

As is evident, the revenue is aggrieved by grant of foreign tax credit (FTC) despite the fact that Form No.67 was not filed by the assessee within due date of filing of return of income. Having heard ...

After presenting the income tax bill the Finance Minister asked the Lok Sabha Speaker Om Birla to nominate members for a ...

In fact, in the last five years, the number of nil returns has increased each year. As per the data, the number of nil ...

One the critical aspects of this has been Section 87A of the Income Tax Act,1961. What exactly is section ... now updated the Excel utilities for ITR Forms 2 and 3 to utilise the option to update ...

This means that such deposit holders may not need to file self-declaration forms (Form 15(H)) annually ... a new Section-285BAA under the Income Tax Act of 1961, which makes it mandatory for ...

Section 139(8A) of the Act pertains to the ... year 70% of aggregate of tax and interest payable on additional income disclosed in the updated ITR Download Form ITR-U from the Income Tax ...

The average borrower's monthly bill could swell to $288 from $95, according to an early estimate by the Institute for College ...

An "enhanced" version of the IRS' Direct File program launched this year, with availability in roughly twice as many states as last year.

The income tax deadline is April 15 for most taxpayers. But taxpayers in Florida, North Carolina, and other areas hit by ...

Zooey Liao/CNET; Mykola Sosiukin/EyeEm via Getty It's tax season, and if you've received an unfamiliar income form this year ... The Tax Cuts and Jobs Act of 2017 added a new section to ...

Under the Income Tax Act, 1961, an individual’s tax liability ... Also read: Avoiding double-taxation: How Form 67 can help you claim foreign tax credit Grant more time to residents with foreign ...