Foreign Status News Today

Education loans taken to fund overseas studies are subject to a lower TCS of 0.5 percent, and only if the amount exceeds Rs 7 lakh. However, in the case the money is sent abroad through other sources, TCS of 5 percent will be applicable if the remitted amount exceeds Rs 7 lakh. Also, if parents send money to their children studying abroad for purposes other than education, the amount will attract TCS at a higher rate.

“It would detract from Kansas as an attractive place to invest,” a University of Kansas professor said.

For Canadians who have withholding tax on U.S. income in an RRSP, sometimes this tax can be avoided.

ELECTRONIC SERVITOR PUBLICATION NETWORK INC. CONSULTING AGREEMENT Laurence Eric Swann, an individual , and Electronic Servitor Publication Network Inc., a...

Financing Lets Cloud Tech Co. Keep Foreign Status With NASDAQ

The United States Virgin Islands (“USVI”) is an unincorporated territory of the United States.[1] But that doesn’t mean that they’re subject to exactly the same laws as in the United...

For Canadians who have withholding tax on U.S. income in an RRSP, sometimes this tax can be avoided.

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 4, 2021 – October 8, 2021... ...

The IRS released a practice unit, providing tax law and audit steps for reviewing a reseller’s uniform capitalization cost computations under section 263A, focusing on the simplified production method and does not cover the final section 263A Treasury Regulations