"Expenses (like rent, electricity, Internet, etc) should be directly related to the profession. Proper records and proofs ...

On May 22, 2025, the House of Representatives passed the One Big Beautiful Bill Act (OBBBA). Tax-related proposals contained in the OBBBA would ...

On May 22, 2025, the U.S. House of Representatives passed the “One Big Beautiful Bill Act” (the “BBB”) as part of the Republican ...

Hence, for example, Income of a non-resident from operation of ships is taxable @ 7.5 percent of the gross receipts under ...

Further, these partnerships often invest in foreign entities. Many partners, especially limited partners, have no ability to direct the partnership’s operations and investment choices. Since foreign ...

This option is best if you posted a loss because you can take the full deduction in the current tax year. Foreign exchange losses can be deducted against all types of income. Report gains and ...

India Implements Comprehensive Tax Framework for Virtual Digital Assets : India has established a formal taxation framework for Virtual Digital Assets (VDAs) like cryptocurrencies and NFTs through the ...

The House of Representatives narrowly passed the 'Big Beautiful Bill,' a cornerstone of President Trump's agenda, featuring ...

Can you still keep investing in NPS after becoming a non-resident Indian or an overseas citizen of India? What are the ...

Use IRS Form 2555 to report your foreign earned income for the year. If you are not itemizing deductions on your tax return, you may use the shorter Form 2555EZ. The tax rate on a foreign currency ...

H.R.1, the “One Big Beautiful Bill Act” (OBBBA), passed the House on May 22, 2025.... There are several intellectual property ...