India Keeps Capital Gains Tax for Foreign Portfolio Investors Intact Under Finance Act 2024
India maintains existing FPI capital gains tax rates of 20% for short-term and 12.5% for long-term gains, ruling…
Articles by & updated by Sai Sankar
Income Tax Department Says Only TRACES-Downloaded Form 16, 16A Valid for Filing
India mandates TRACES-only Form 16/16A for 2026 tax filings. Authenticated certificates are now required for both domestic compliance…
IRS Increases Overtime by $27M as Refund Fraud Surges, Watchdog Reports
A May 2026 TIGTA report reveals a $27M spike in IRS overtime and critical delays in stopping refund…
IRS Struggles to Stop Refund Fraud as Information Returns Arrive Too Late
The IRS faces challenges stopping refund fraud as third-party wage data often arrives after payments are issued, prompting…
India Tightens Silver Bar Imports, Targeting High-Purity Under Revised ITC HS Code
India restricts 99.9% purity silver bar imports effective May 16, 2026. Importers now require DGFT approval to manage…
U.S. Taxpayers with Indian NRE Bank Interest Must Use Form 1040-X to Amend Returns
Learn how to correct missed Indian bank interest on U.S. tax returns, including NRE/NRO accounts, FBAR rules, and…
CP14 Notice Means Tax Due. Visa Holders and Students Should Check Withholding and Treaty Claims
The CP14 is the first billing notice the IRS sends for unpaid taxes. Verify your records and the…
Senate Bill 1080 Proposes Lower Taxes for All NC with Constitutional Income Tax Cap
NC Republicans propose lowering the constitutional income tax cap to 3.5%. If passed, voters will decide on the…
Seoul Apartment Listings Dry Up as Capital Gains Tax Surcharge Hits Multiple-Home Owners
Seoul apartment listings dropped 2.3% on May 10, 2026, as a 82.5% capital gains tax surcharge forced multi-home…