International financial dealings can be confusing, especially when it comes to taxes. If you’re managing money abroad, knowing how to claim the Foreign Tax Credit (FTC) using Form 67 is crucial. This guide will help you navigate Form 67, ensuring you optimize your tax position and avoid double taxation. Why Is the Foreign Tax Credit Important? When earning income
The Union Budget 2024 brought several changes that will affect the Tax Deducted at Source (TDS) rates starting from October 1, 2024. These modifications are designed to simplify taxation and provide relief in certain transactions. Let’s explore the revised TDS rates and understand how these changes impact taxpayers. What is TDS? Tax Deducted at Source (TDS) is a
Tax Audit Due Date Extended for FY 2023-24 to 7th October 2024 The Central Board of Direct Taxes (CBDT) has announced an important extension for tax audits for the fiscal year 2023-24. This extension offers taxpayers a critical reprieve, providing additional time to file essential audit reports. What is the New Deadline for Tax Audits? The new deadline for filing
