The ITAT held that late filing of Form 67 cannot defeat a valid FTC claim. The ruling clarifies that procedural delays do not override substantive treaty ...

ITR filing: Form 67 is a crucial document in the realm of tax compliance. This official IT form must be accurately completed and submitted to the tax department within the stipulated timeline to avail ...

A Reddit user recently shared how a little-known tax compliance requirement in India — Form 67 — helped them save lakhs after moving back from the US. Recounting their experience, the user said that ...

Individual taxpayers, such as high net worth individuals (HNIs), often have their income portfolio spread across multiple countries. If these individuals qualify as global residents of India, they are ...

The income tax department on Friday said taxpayers can claim credit for taxes paid outside India before the end of the assessment year if the I-T return is filed within the stipulated deadline. In a ...

The ‘substance over form’ principle in tax law means that what really happens in a transaction matters more than how it looks on paper. It empowers tax authorities to look past legal documents to ...

A taxpayer residing in India may have multiple sources of income, including foreign income. When a taxpayer earns income globally, it is taxed in both the countries -- the source country and the ...