NRI
Tax obligations, property ownership rules, OCI card benefits, and financial planning guidance for Non-Resident Indians. Covers FEMA regulations, NRE/NRO accounts, and India-specific tax treaty provisions.
Clawback Question Raised Over NRI LTCG Tax Relief Under Section 10(38)
NRIs face confusion over 'clawback' rules for Indian share sales in 2026. Analysis shows exemptions like Sections 10(38) and 115F are condition-based, not automatic recaptures. However, U.S. tax residents remain…
Budget 2026 Lets Buyers Use PAN Based Challans Removing TAN Requirement
India's Budget 2026 removes the TAN requirement for resident buyers purchasing NRI property, allowing the use of PAN-based…
Supreme Court Upholds ₹2.9 Crore SAIL GST Refund for Unutilised ITC
The Supreme Court ruled that GST pre-deposits for appeals are 'appellate mechanism' refunds, exempt from Section 54 time…
NRI LTCG Relief Under Section 115F Faces Clawback If Reinvested Asset Sold Same Year
The March 31, 2026 deadline is critical for NRIs who reinvested share sale proceeds to claim tax exemptions.…
Internal Revenue Service Operates Under Contingency Plan Using IRA Funds
A partial government shutdown has begun, with the IRS using contingency funds to keep refunds moving for a…
IRS Disaster Tax Relief Extends Filing Deadlines but Payments Continue
The IRS extended tax deadlines to February 2, 2026, for federally declared disaster areas. This includes individual and…
Union Budget 2026-27 Sets 30% Tax Rate on Unexplained Income in Cash Credits and Investments
India has proposed a new 30% tax rate for unexplained income starting in FY 2026-27. While the rate…
India Grants Tax Holiday to Foreign Companies Using Data Centres
Finance Minister Nirmala Sitharaman announced a tax holiday through 2047 for foreign cloud firms using Indian data centers…
Union Budget 2026-27 Shifts Share Buyback Taxation to Capital Gains for Minority Investors
The Indian Union Budget 2026-27 reclassifies share buybacks as capital gains for most investors. Retail holders benefit from…
How to Claim TCS Refund Using Form 26AS When Filing Income Tax Return (itr)
Taxpayers who paid TCS on foreign remittances must file an ITR to claim refunds. Success depends on the…