U.S. Residents Receiving Over $100,000 from Parents in India Must Review Form 3520
U.S. residents receiving over $100,000 in gifts from parents in India must file IRS Form 3520 to report…
India Tightens Foreign Tax Information Sharing from July 1, 2026, Targeting Cross-Border Assets
India will tighten its foreign tax information framework from July 1, 2026, enhancing data sharing and scrutiny of…
36,000 Overseas Koreans Get Integrated F-4 Visa as Ministry of Justice Eases Rules
South Korea integrates H-2 and F-4 visas, moving 36,000+ overseas Koreans to a unified system with no fees…
Can’t Pay Taxes After April 15? Choose Between an IRS Payment Plan, Offer in Compromise, or Currently Not Collectible
Learn how to choose between IRS payment plans, Offers in Compromise, and CNC status to manage unpaid 2026…
GIFT City IFSC or Direct Global Investing Under Liberalised Remittance Scheme? What 4 Groups Must Check
A comparison of GIFT City vs. Direct Global Investing for Indian residents and NRIs, focusing on tax efficiency,…
Reserve Bank of India Data Shows Rise in Visa-Linked Overseas Transfers Under ₹2.5L LRS
RBI's LRS rules for 2026 impact student visas, EB-5 investments, and tax filings with new TCS rates and…
Assessing Officer Flags Bogus Purchases, but Accepted Sales Can Limit Tax Additions
India's tax authorities target bogus purchases from untraceable suppliers; accepted sales records can limit tax additions to profit…
Legal Tax Savings Require Real Transactions and Evidence as Income-Tax Department Tightens
Learn how to legally reduce Indian tax liability through regime choice and deductions while maintaining the documentation required…
Income Tax Tribunal Rules GST Refunds Aren’t Taxable If Exclusive Method Is Used
The ITAT rules that GST refunds are not automatically taxable if the tax was never claimed as a…
10 Countries Launch Digital Nomad Visas for Turkish Travellers Working Remotely
Ten countries, including Portugal, Spain, and the UAE, offer digital nomad visas in 2026, requiring proof of foreign…
5-Year Tax-Saving Bank Deposits Return as Section 80C Options. But Are They Right for Nris?
NRIs must weigh tax regime choices and liquidity needs before investing in 5-year tax-saving FDs, as benefits only…
Nris Face Higher Capital Gains Tax Without Indexation When Selling Indian Property
India’s new capital gains rules can raise NRI property tax bills despite a lower 12.5% rate. Without indexation,…
F-1 Students on OPT Face FICA Withholding. If Payroll Refuses Refund, File Form 843
Learn how F-1 students on OPT can claim refunds for Social Security and Medicare taxes withheld in error…
CBDT Flags ₹2,038 Crore Agricultural Income Exemptions in 310 Cases, Warns Nris
CBDT flags ₹2,038 crore in suspicious agricultural tax exemptions. Data analytics and satellite maps are now used to…