Investors are reacting to a clause buried in “One Big Beautiful Bill Act” that threatens to curtail inbound foreign ...

ITAT Mumbai held that since donations collected were parked in savings bank account of assessee and funds were used for personal purpose hence donation collected are taxable u/s. 56 (2) (x) of the ...

The Income Tax Department has enabled online filing for ITR-1 and ITR-4 forms for AY 2025-26. Experts decode eligibility, benefits of early filing, and major updates. Plus, a crucial checklist of five ...

Income Tax Bill introduces a new clause that allows capital gains to be calculated in foreign currency, accounting for forex ...

The Income Tax Return (ITR) filing for the financial year 2024-25 (Assessment Year 2025-26) has officially begun. The Income ...

However, the exemption of personal income tax on foreign-sourced income will apply for only two years: the year in which the ...

New final regulations pose significant implications for possible income inclusions by U.S. corporations with foreign ...

Trump’s “One Big Beautiful Bill Act,” if enshrined into law, could transform the current trade conflict into a capital war, ...

The Internal Revenue Service taxes foreign currencies at their ... Use IRS Form 2555 to report your foreign earned income for the year. If you are not itemizing deductions on your tax return ...

This gives you a maximum rate of 23% compared to 35% for ordinary income tax. Over-the-counter foreign exchange options and currency swaps are not eligible for Section 1256 tax treatment.

At $3,000 and never adjusted for inflation during nearly a century, the Sec. 861(a)(3) de minimis exception seldom applies.

Congress’s own official tax scorekeeper is predicting a “revenge” tax buried in Donald Trump’s massive fiscal package would realize Wall Street’s fears and drive foreign investors away from US markets ...