Have a US 401(k)? Indians must report withdrawals and maturity details in ITR schedules FSI and FAIndian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose ...
23 Jun, 2026, 11.30 AM IST
Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
23 Jun, 2026, 11.08 AM IST
What is DTAA? How to avoid double taxation on foreign income and claim tax credit in IndiaIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
22 Jun, 2026, 06.30 AM IST
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
19 Jun, 2026, 05.41 PM IST
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
19 Jun, 2026, 03.44 PM IST
Jane Street may take Singapore route to sort out India tax rowWith the Income Tax (I-T) department questioning the tax benefits it had claimed, the Wall Street firm is understood to be working on initi...
25 May, 2026, 05.51 AM IST
FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
29 Apr, 2026, 01.35 PM IST
Cabinet clears India-Qatar double taxation avoidance treatyThe existing Double Taxation Avoidance Agreement (DTAA) with Qatar was signed on April 7, 1999, and came into force on January 15, 2000.
21 Mar, 2018, 09.19 PM IST
GAAR to override bilateral tax treaty provisions: Revenue Secretary Hasmukh Adhia"GAAR being anti-abuse provision can prevail over treaty if it is proved that it is an abuse of treaty," Adhia said.
11 May, 2016, 03.10 PM IST
DTAA benefits applicable to partnership firms in India, UKCBDT has said that benefits under the India-UK Double Taxation Avoidance Agreement (DTAA) would be applicable to partnership firms in the U...
06 Mar, 2016, 01.15 PM IST
Government negotiating to amend capital gains taxation under DTAASome of the DTAAs allow taxation of capital gains on shares only in the country of which the taxpayer is a resident.
04 Dec, 2015, 04.29 PM IST
How NRIs can claim tax benefits under DTAANRIs residing in any of the DTAA countries can avail of benefits provided under DTAA by timely submission of residency certificate.
20 Jul, 2015, 03.34 PM IST
Minimum Alternate Tax is applicable to foreign companies even if income is not chargeableAAR has held that the MAT provisions in the Income-tax Act are applicable to foreign cos even if their income is not chargeable to tax in I...
25 Aug, 2012, 08.21 PM IST
- Foreign industry bodies seek more clarity on Finance Bill 2012
Ten overseas associations, including USIBC and USCC, in a letter to Finance Minister Pranab Mukherjee have sought further confirmation that...
09 May, 2012, 11.04 PM IST
- Tax payable on import of all software: Delhi ITAT
TAX is payable on import of all software , even if the sale does not involve exercise of copyright, according to a Delhi tax tribunal order...
29 Oct, 2010, 05.51 AM IST
- Key info disclosure not a must for tax treaty benefits: ITAT
A company is entitled to tax treaty benefits between India and another country even if it fails to disclose some key information. Learning ...
21 Jul, 2008, 04.00 AM IST
- Non-discrimination a new vista in Metchem Canada ruling31 May, 2007, 04.31 AM IST