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Articles by Nilesh Patel - CPA (USA), IRS

Qs & As on the proposed New Tax Regime for REITs and InvITs

Posted by Nilesh Patel - CPA (USA), IRS 28 July 2014 12734 Views

The legendary Counsel Shri Soli Dastur recently on 14th July 2014 presented his illuminating analysis of the Direct Taxes proposals of the Finance Bill, 2014 (the recent Budget) at the Lecture Meeting organized by Bombay Chartered Accountants Society

Experts seek a pathbreaking Budget

Posted by Nilesh Patel - CPA (USA), IRS 05 July 2014 15455 Views

I. International Tax Foreign Tax Credit Q. 1. Currently Taxpayers are unable to carry forward unutilized (excess) Foreign Tax Credit (FTC) to future years, and set off such unutilized FTC against the tax liability in the succeeding years. Thi