The 2025 tax season is shaping up to be a challenging one for Non-Resident Indians (NRIs), with the Income Tax Department’s new forms for FY 2024-25 (Assessment Year 2025-26) already released but crucial utilities, like ITR-2, facing delays. Tax experts are sounding the alarm, warning NRIs of potential pitfalls and hefty tax bills if they … Read more
Tax for Non-Resident Indians (NRIs) in India can feel complicated, but there’s a powerful way for them to pay zero tax on certain capital gains if they play their cards right. While most NRI income like rent, dividends, and interest is taxable in India, strategic reinvestments can unlock significant tax exemptions. The NRI Tax Advantage: … Read more
US Remittance Tax: A Hefty New Bill for NRIs Sending Money Home to India New Delhi, India – Sending money home to India could soon become significantly more expensive for Non-Resident Indians (NRIs) in the United States. A proposed 3.5% remittance tax, already passed by the US House of Representatives on May 22, 2025, looms … Read more