Learn how dividend exclusion allows corporations to avoid double taxation on received dividends, enhancing net income and growth potential.

In this week's Ask the Editor Q&A, Joy Taylor answers questions on itemized deductions claimed on Schedule A of Form 1040 ...

The Income Tax Department is reaching out to taxpayers with bulk emails about disclosing foreign assets/income information ...

Learn how earnings stripping allows corporations to reduce U.S. taxes through profit shifting and discover regulatory ...

Foreign companies operating in Libya face source-based taxation even without a local presence. Multinationals must understand ...

As corporate tax teams finalize their 2025 strategies following the One Big Beautiful Bill Act, savvy leaders are already ...

President Donald Trump is considering eliminating federal taxes paid by millions of Americans on gambling winnings.

ITR forms for income earned in the current fiscal will continue to be issued under the existing Income Tax Act, 1961. The Income Tax department has advised taxpayers to revise their Income Tax Returns ...

The Income Tax Department has launched a fresh campaign targeting individuals with undeclared overseas assets and income. Around 25,000 high-risk cases will be initially contacted via SMS and email.

People having their economic or physical presence in more than one country face a general tax problem known as ‘double taxation’. It means they will be taxed for the same income in both countries ...