Invested in US stocks directly and made forex gains due to depreciating Rupee? Know how to compute tax on forex gains and report it in ITRIndian residents investing in US stocks face forex gains tax. These gains are taxable as capital gains when US dollars are converted back t...
28 May, 2026, 05.17 PM IST
Tax deadline 2026: IRS warns mail delays could make returns lateTax season 2026 is ending soon, and many people still need to file. The April 15 deadline is important to avoid penalties. Mail delays coul...
10 Apr, 2026, 05.55 PM IST
I am an OCI cardholder, will I need to pay tax on inherited assets in India?I am a German citizen, and have an OCI card. How will inheritance of assets located in India be taxed for me? Is the inheritance itself tax...
31 Mar, 2026, 12.06 PM IST
NRIs tax alert: March 31, 2026 is the deadline to claim foreign tax credit using Form 67 for income earned in FY 2024–25Non-Resident Indians earning income abroad in FY 2024-25 have a crucial deadline. They must file Form 67 by March 31, 2026. This form is es...
30 Mar, 2026, 10.07 AM IST
SC seeks Finance Ministry's response on petition challenging constitutional validity of securities transaction taxThe Supreme Court has sought a response from the Finance Ministry regarding a petition challenging the constitutional validity of the Secur...
06 Oct, 2025, 08.28 PM IST
Double tax for NRIs if this form is not filed and this is not claimedNon resident Indian (NRI) taxation: NRIs have to pay double the tax on the same income if their favourable DTAA rates and tax releif claim ...
06 Sep, 2024, 01.08 PM IST
Simplify whole system of business taxation, says NITI Aayog member Arvind VirmaniResponding to a question on how he would compare the performance of the UPA government's ten years (2004-14) and the Prime Minister Narendr...
27 Sep, 2023, 10.44 AM IST
Indian-Americans support dual citizenship: SurveyThe survey has been compiled by Foundation for India and Indian Diaspora Studies (FIIDS) USA .
19 Sep, 2019, 09.12 AM IST
India, US strike 1st bilateral advance pricing agreement: GovernmentThe two nations have resolved over 100 cases of tax disputes involving a tax of about Rs 5,000 crore through Mutual Agreement Procedure (MA...
09 Dec, 2016, 07.47 PM IST
US to have full reciprocity with India on tax info under FATCAFATCA came into effect from September 30 which has enabled automatic exchange of financial information between India and the US.
03 Mar, 2016, 04.58 PM IST
Pleased with the final changes announced in Budget 2016We are very pleased with the final changes announced in the Budget 2016 as it will put into effect the original idea of granting DDT exempt...
29 Feb, 2016, 06.29 PM IST
US-India relations: Business that goes beyond the roadblocksUS-India relations are passing through a challenging phase, however we will soon have a new political dispensation in New Delhi and mid-ter...
16 Apr, 2014, 10.16 AM IST
Partha Sarathi Shome favours lower corporate tax rates"Lowering of corporate taxes will result in higher job growth and is more development oriented," Shome said.
10 Feb, 2014, 05.58 PM IST
Getting posted abroad? Know the tax implicationsHere we look at what happens when you are posted abroad through your company and how your salary and allowances would be taxed.
14 Jul, 2011, 04.32 PM IST
- Foreign Tax Credit: Are you not claiming it?
Foreign Tax Credit is a relevant tool in order to safeguard their financial interest from the evil of double taxation.
30 May, 2011, 03.22 PM IST
- No withholding tax on foreign cos discounting subsidiary's bills
Foreign corporates with subsidiaries in the country are not subject to payment of withholding tax for financial services like discounting o...
25 May, 2011, 04.20 PM IST
- Switzerland moves out of 'grey' list of tax havens
The Organisation for Economic Cooperation and Development has taken Switzerland off from the list of non-cooperative tax havens.
29 Sep, 2009, 08.33 PM IST