For expatriates, navigating tax obligations begins with establishing residency status under the Income Tax Act. You're ...

Timely disclosure by the due date under Section 139 (1) is crucial to avoid penalties. Belated or revised returns can be filed until December 31, 2024, if foreign income or assets were missed earlier.

Freelancing allows for flexibility in both work and schedule, although there is no guarantee of steady work. As a freelancer, ...

Thanks to globalization, investing in foreign markets has become a popular choice for Indians looking for diversification and ...

Income Tax Department (ITD) in India is a government body that handles the collection and management of direct taxes. Income Tax Department falls under the Department of Revenue, which is part of the ...

The order that was challenged, which was passed on 20 July 2009, had raised the question of law: “Is income earned from customers outside India subject to tax in India under the DTAA with the ...

The Swiss authorities also expected reciprocity from India meaning income of Swiss entities ... of MFN clause in a DTAA doesn’t automatically trigger lower tax rates and the Indian government ...

Conclusion: Denying of FTC claim due to procedural delay in filing Form 67 was not justified as the objective of the Article 23 of the DTAA and section 90 to mitigate double taxation which should not ...

However, income earned during the 2018-2024 ... will continue to face a 10 per cent withholding tax, as stipulated in the India-Switzerland DTAA. No Change For EFTA Investments: Investments ...

Mumbai: Switzerland has suspended the Most-Favoured-Nation (MFN) status granted to India that ... Agreement (DTAA) cannot be enforced unless it is notified under the Income-Tax Act.

The Switzerland government has suspended the most favoured nation (MFN) status of India following the Supreme ... accordance with Section 90 of the Income Tax Act”. Commenting on the Swiss ...