Declarants must declare how much they spent on the services overall, and will receive credits of up to 50% of the expense.

It is to be noted that interest will be calculated on the amount of input tax credit which is wrongly availed and utilized.

1. Foreign Tax Credit (FTC) is a mechanism to provide relief to the taxpayers to claim credit in India for the taxes paid in overseas country on the doubly taxed overseas sourced income (i.e., taxed ...

On Monday, Republicans unveiled their much anticipated Tax Bill (the “Bill”). At 389 pages, the Bill contains a number of provisions. Some are simply extensions of previous provisions that were ...

From extending the tax cuts he signed into law in 2017 to ending taxes on tips, overtime pay, Social Security benefits and ...

House Republicans have proposed cutting billions of dollars in funding for Biden-era climate and environmental programs, ...

How what Trump has called his “big, beautiful bill” could change the federal government and the U.S. economy.

Republicans in the U.S. Congress are advancing a sweeping budget package that would fulfill President Donald Trump's calls to ...