She paid US tax but missed Form 67, triggering Rs 30 lakh India tax demand; ITAT Delhi orders relief, asks AO to verify Rs 23.48 lakh credit claim after 6-year fight

The ITAT Delhi noted that the woman had claimed a foreign tax credit of Rs 23.48 lakh in her ITR. (Image for representative purpose) You are an Indian-origin US citizen and you pay your taxes in America. But a tax demand for your income is raised in India because of an error on your part….

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NSE IPO: Stock to list today on BSE, MSEI; what GMP signals about debut gains & other details

Before the IPO opened for subscription, NSE had raised Rs 6,746 crore from more than 150 anchor investors. NSE IPO listing date today: National Stock Exchange of India’s shares will debut on the Bombay Stock Exchange and Metropolitan Stock Exchange of India (MSEI) today.Market participants are also tracking grey market movements closely ahead of the…

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BRICS should work together on transfer pricing: Finance minister Nirmala Sitharaman

BRICS economies must have say in global tax rules as negotiations shape cross-border taxation: FM Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday urged BRICS nations to share their experiences on treaty interpretation and multilateral negotiations in international taxation, saying global transfer pricing disputes “disproportionately” burden developing countries.India has proposed to set up two…

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