A Bollywood actor wins a major tax case on Foreign Tax Credit (FTC). Learn how FTC works, key legal takeaways, and how to ...

A foreign tax credit (FTC) allows taxpayers to offset income tax paid in another country against their Indian tax liability.

Once the app is introduced, citizens will be able to apply for essential documents such as caste, income, and resident certificates directly from their smartphones. At present, people have to travel ...

UBTI is income earned by a tax-exempt entity from activities unrelated to its exempt purpose. Unrelated Business Taxable Income (UBTI) is the income earned by a tax-exempt entity from activities ...

Supplemental Security Income recipients won't receive a check this March. The typical SSI payment is sent out on the first day of the month, but that hasn't been the case for the past couple of ...

It’s ideal for filers with moderate tax situations—those who need more than the basics but don’t have self-employment or business income. This is a solid choice if you want an easy ...

Back in 2017 at the World Government Summit, Musk famously said about universal basic income, "I don't think we're going to have a choice." It wasn't a political stance or even his personal ...

PTCL Group, the largest ICT services provider in Pakistan, is pleased to announce the appointment of seasoned banker, Tooran Asif as the new President & Chief Executive Officer (CEO) of U ...

Commissions do not affect our editors' opinions or evaluations. When you fill out your annual federal income tax return, you can either take the standard deduction or itemize deductions to reduce ...

Campaigners are raising alarms, suggesting millions of retirees might end up paying income tax for the first time due to the Chancellor's decision to maintain a freeze on allowances. A key ...

The Income Tax Appellate Tribunal (ITAT) Pune ruled in Lokmanya Shikshan Prasarak Mandal vs. ITO that the Income Tax Department cannot deny exemption under Section 11 of the Income Tax Act solely due ...