New Tax Year Replaces Assessment Year Aligning Financial Year Rules
Beginning April 1, 2026, India transitions to a unified 'Tax Year' system under the new Income Tax Act,…
Sai Sankar is a law postgraduate with over 30 years of experience across direct and indirect taxation, spanning consultancy, litigation, and policy interpretation. At VisaVerge.com he leads coverage of cross-border finance for immigrants and NRIs — U.S. and state income tax, IRS rules, tariffs and trade duties, foreign-asset reporting, gift and estate tax, and retirement accounts like IRAs and RMDs. Sai's legal acumen turns the tangled intersection of immigration and money into clear, actionable guidance for a global audience.
www.visaverge.com
Beginning April 1, 2026, India transitions to a unified 'Tax Year' system under the new Income Tax Act,…
India's NPS faces a 'double taxation' challenge due to a ₹7.5 lakh cap on combined employer retirement contributions.…
The 2026 U.S. tax season requires international students and NRIs to file specific forms like 8843 and 1040-NR.…
Most taxpayers must file 2026 returns by April 15, 2027. For globally mobile individuals, focusing on after-tax returns…
Filing U.S. taxes is an essential immigration compliance step. Noncitizens must file required forms, like Form 8843 or…
A Kiel Institute study shows U.S. consumers and importers pay 96% of tariff costs. These trade barriers act…
April 15, 2026, marks the first estimated tax deadline for the 2026 tax year. Immigrants and globally mobile…
The IRS is emphasizing strict tax year and accounting period consistency effective January 1, 2026. This mandate affects…
The 2026 tax landscape for NRIs selling property in India remains challenging due to high withholding rates and…
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