BUSINESS
Budget 2025 wish list: 'Relax income tax return-filing timelines for residents with foreign income'
While most countries, such as the US, UK, Australia, Canada, the Netherlands and Germany follow the calendar year (January to December) as their tax year, India operates on a fiscal year (April to March). This mismatch creates discrepancies in the income and taxes declared in the respective countries, often affecting the tax burden in India.
BUSINESS
Budget 2024: Simpler tax provisions, compliance norms will help to expand tax net
Concerns over claiming tax treaty benefits and simplification of withholding tax guidelines.
BUSINESS
Seven ITR forms: Which one should you use to file your income tax returns?
Tax authorities have notified seven ITR forms for FY 2017-18 (assessment year 2018-19) and you must know which one to submit
