Many non-resident Indians (NRIs) are receiving Income Tax notice under Section 143 (1) (a) of the Income Tax Act, 1961 ...

The AO initially assessed total additions amounting to ₹5.10 crores under sections such as 40a(ia) for non-deduction of TDS, unexplained cash credits under Section 68, and income from other sources.

Indian badminton stars are set to take on one of their toughest challenges as they compete in the prestigious All England Championships, starting Tuesday in Birmingham. Despite decades of success on ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary ...

Foreign Tax Credit enables taxpayers to offset taxes paid abroad against their tax liability in India. As per tax treaties, individuals must submit Form 67 with their income tax return (ITR) before ...

Here's when the last day to file taxes is, what documents you'll need, a quick breakdown on some new forms for the 2024 and 2025 tax season and how to track your tax refund. When is the last day ...

claiming a Foreign Tax Credit (FTC) to offset taxes paid abroad against his Indian tax liability. However, the Income Tax officer rejected Khan’s FTC claim, reassessing his income at Rs 84.17 ...

This decision marks a major relief for the superstar, putting an end to the dispute. According to The Times of India, the Income Tax Appellate Tribunal (ITAT) has set aside the reassessment ...

Shah Rukh Khan has secured a crucial legal victory as the Income Tax Appellate Tribunal (ITAT) ruled in his favour, dismissing reassessment proceedings for 2011-12. The decision underscores the ...

However, all foreign income must be reported in Indian tax returns. FTC claims require filing Form 67 before submitting the tax return. Delayed filing may lead to denial of tax credit benefits.

India vs New Zealand, Champions Trophy 2025 Final: India beat New Zealand by 4 wickets to win the 2025 Champions Trophy. India vs New Zealand, Champions Trophy 2025 Final: India are the champions ...