Answers on Income Tax (25,876)

Hello. I know that I have to file form 67 as proof of foreign income to get FTC. My question is what do I use as proof of income with Form 67. Is it fine of if I use statement...

Sir / Madam, I have dividend income from US equities. This income is taxed at 25% in USA. I have filed form 67 and sought relief through the tax credit method to avoid double...

Sir / Madam, I have dividend income from US equities. This income is taxed at 25% in USA. I have filed form 67 and sought relief through the tax credit method to avoid double...

This question was kept private

Query 1 (NSC Interest): I purchased an NSC certificate on 13th April 2019. I did not declare the interest accrued on it in any of my ITRs up to AY 2024-25. Since my Section 80C...

Sir / Madam, I have dividend income from US equities. This income is taxed at 25% in USA. I have filed form 67 and sought relief through the tax credit method to avoid double...

Query 1 (NSC Interest): I purchased an NSC certificate on 13th April 2019. I did not declare the interest accrued on it in any of my ITRs up to AY 2024-25. Since my Section 80C...

Query 1 (NSC Interest): I purchased an NSC certificate on 13th April 2019. I did not declare the interest accrued on it in any of my ITRs up to AY 2024-25. Since my Section 80C...

This question was kept private

Hello. I have a sole proprietorship business currently. In FY23-24, I had switched to the New Tax Regime. At that time I also had salary income, and my business was dormant. I...

Sir / Madam, I have dividend income from US equities. This income is taxed at 25% in USA. I have filed form 67 and sought relief through the tax credit method to avoid double...

I have a GST registered business (sole proprietorship). In the last financial year (FY24-25), I had income (including negative income) from multiple sources. Specifically, I had...

I have a GST registered business (sole proprietorship). In the last financial year (FY24-25), I had income (including negative income) from multiple sources. Specifically, I had...

Hello. I have a sole proprietorship business currently. In FY23-24, I had switched to the New Tax Regime. At that time I also had salary income, and my business was dormant. I...

Sir / Madam, I have dividend income from US equities. This income is taxed at 25% in USA. I have filed form 67 and sought relief through the tax credit method to avoid double...

This question was kept private

This question was kept private

Hi, Kindly help me resolve the following Income Tax issue for my brother. He was an NRI (Residential status) in the A.Y. 2024-25. In India, since his income was below the...