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

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 ...

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

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 ...

CNW/ - MCAN Mortgage Corporation d/b/a MCAN Financial Group ("MCAN", the "Company" or "we") (TSX: MKP) reported net income of $16.6 million ($0.43 ...

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

Both Democrats and Republicans finally agree on something. Embracing the emerging energy world of tomorrow retains a ...

The federal electric vehicle tax credit generally provides up to $7,500 for qualified new vehicles and up to $4,000 for qualified used vehicles. The credit's future could be in jeopardy because of ...

The federal electric vehicle tax credit generally provides up to $7,500 for qualified new vehicles and up to $4,000 for qualified used vehicles. The credit's future could be in jeopardy because of ...

(The Center Square) – A proposed 30% film tax credit is being pushed as a separate bill with a 25% tax credit scheduled to be removed from Gov. Tony Evers budget. The tax credit is co-sponsored ...