As is evident, the revenue is aggrieved by grant of foreign tax credit (FTC) despite the fact that Form No.67 was not filed by the assessee within due date of filing of return of income. Having heard ...

My client earns rental income from Ireland and pays tax there on a calendar year basis (January to December). According to HMRC's guidance ...

If you live and work outside Canada most of the time, there are extra things to consider when paying your income taxes.

A burgeoning appetite for global diversification is driving Indian investors beyond domestic shores. Driven by a combination ...

Bruyea V. United States And The Net Investment Income Tax. Legal News and Analysis - USA - Tax - Conventus Law ...

U.S. taxpayers with foreign income face a complex interplay of tax obligations, including the potential to offset foreign taxes paid against their U.S. tax liability through the foreign tax credit ...

Something to be aware of I have just discovered. Elements by IRIS follows general guidelines for calculating Foreign Tax Credit Relief as included in HMRC helpsheet 263, but does not automatically ...

Today, the U.S. Dept. of the Treasury and IRS released final rules for the section 45V Clean Hydrogen Production Tax Credit established by the Inflation Reduction Act. The final rules address several ...