NewsBytes6d
If you have foreign assets or income, read this
Undisclosed foreign income/assets: Taxpayers will be liable to a penalty of three times the amount of tax that would have ...
IRS Now Makes International Tax Noncompliance Penalties Harder To Escape
New IRS educational materials from the 2024 Nationwide Tax Forum cover international tax topics such as proper FBAR and FATCA ...
JD Supra15d
The Potential Tax Impact of Foreign Investments
A common strategy many wealth management firms recommend is ensuring that as much as 30% of your portfolio includes foreign ...
New Income Tax Bill 2025: What’s new, what may change, and what we can expect?
The new income tax bill will carry forward the same spirit of Nyaya (Hindi word for justice) which was carried in Bharatiya ...
Tax Guru5d
Taxation of International Transactions In India Under Income Tax Act 1961
Multifarious Key Taxation Laws and Rules: The Indian taxation system is governed mainly under the Income Tax Act, 1961, with relevant sections being: Section 4: General Taxability. Section 90: ...