Filing an ITR is more than just a tax obligation; it is a way to establish your financial presence, ensure transparency, ...

Foreign trust reporting obligations can apply to a domestic trust established even within the US and the recent regulations ...

Indian tax residents must report foreign assets and income in their ITRs, regardless of value. Non-disclosure can lead to severe penalties under the Income Tax Act and Black Money Act, including ...

Editor: Mary Van Leuven, J.D., LL.M. The U.S. government imposes federal excise taxes that can affect a surprising variety of ...

MUMBAI : For non-resident Indians (NRIs), filing income tax returns (ITRs) in India can seem complex. But with increased ...

Using cryptocurrency to fund a foreign company may be possible under UAE law, but it could violate Indian tax and foreign exchange rules—triggering penalties and compliance issues.

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

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 ...

A detailed overview of Thailand’s tax system covering corporate income tax, BOI incentives, VAT rules, tax treaties, and ...

Salaried Individuals' ITR Filing Season for FY 2024-25 is Underway. Here's a Checklist of 8 essential documents you need.

Want to file your ITR without hiring a Chartered Accountant? If you're a salaried individual with simple income sources, ...

Treasury Secretary Scott Bessent said the Group of 7 had agreed that penalties related to a 2021 “global minimum tax” deal ...