Foreign Tax Credit India

Just 7 days left: Key steps to update tax returns, claim deductions and avoid fines before March 31 deadline

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Just 7 days left: Key steps to update tax returns, claim deductions and avoid fines before March 31 deadline

With just seven days left on the clock, taxpayers are racing against the March 31, 2025, deadline to wrap up crucial income tax tasks. Missed steps now could mean penalties, lost deductions, and unwanted attention from the tax department. Acting early isn’t just about staying compliant — it’s about keeping more of your money in … Read more

Shah Rukh Khan wins tax case: How foreign income is taxed in India, understanding Form 67

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Shah Rukh Khan wins tax case: How foreign income is taxed in India, understanding Form 67

Bollywood superstar Shah Rukh Khan secured a significant victory as the Income Tax Appellate Tribunal (ITAT) ruled in his favor, setting aside reassessment proceedings for the 2011-12 financial year. Tax experts say the ruling reinforces protections for Indian taxpayers with overseas earnings, affirming that tax authorities cannot initiate reassessments arbitrarily without valid grounds.    Understanding … Read more