NRI Wins Major Capital Gains Tax Case in Delhi High Court! An NRI in the US faced a significant tax ordeal after selling a property in Pune for Rs 2 crore. Despite the buyer correctly deducting 20% TDS (Rs 18.68 lakh), a critical error in the TDS form plunged the NRI into a battle with … Read more
An NRI in the US found himself in a tax predicament when selling his Pune property, facing a ₹46 lakh tax demand due to a buyer’s error in using the wrong TDS form. Despite the NRI following all proper procedures, the buyer deposited the 20% TDS using Form 26QB (for resident sellers) instead of the … 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
New US Tax Could Impact Money Transfers to India Good news for NRIs sending money home: a proposed 3.5% excise tax on remittances from the US is currently under deliberation. If enacted, this tax could make sending money to India more expensive. This tax, part of the “One Big Beautiful Bill” that has passed the … Read more