Gross income comes from following categories of income:
Interest, Dividends, Personal Services, Rentals, Royalties, Gains from disposition of property.
Leasing generates rental income....
Multinational Companies do lot of intercompany transactions. U.S manufacturers market their products in foreign countries through their subsidiaries. Domestic parent companies sometimes...
Refer Code section 904: Limitation on Credit:
Source of income rules play a very vital role when it comes to computation of foreign tax credits limitation of a taxpayer. If foreign...