Taxes
Tax filing requirements for immigrants, visa holders, expats, and NRIs. Covers 2026 brackets, treaty benefits, FBAR and FATCA compliance, ITIN applications, and state tax obligations for non-residents.
NRI Taxation on Real Estate Capital Gains Reinvestment
NRIs can benefit from reinvesting real estate capital gains by utilizing Sections 54 and 54F of the Indian Income Tax Act. These sections provide exemptions if the capital gains are…
Can H-1B Visa Holders Earn 1099 Income? Rules on Self-Employment and Taxes
H-1B visa holders cannot legally earn 1099 freelance income; work must be employer-sponsored. Passive income is allowed, but…
Understanding the Employee Retention Credit
The Employee Retention Credit (ERC) is a refundable tax credit from the CARES Act to help businesses retain…
NRIs Tax Clearance Mandatory from October 2024
Starting October 1, 2024, certain Non-Resident Indians (NRIs) and individuals moving abroad must get a tax clearance certificate…
How to Get a Tax Clearance Certificate in India
A Tax Clearance Certificate (ITCC) from Indian tax authorities verifies that an individual has paid all due taxes.…
Govt Clarifies Tax Clearance for Indians Moving Abroad
The Indian government clarifies that only individuals with significant financial irregularities or tax arrears over ₹10 lakh need…
Impact of Removing Indexation Benefits on NRI Real Estate Investments in India
Removing indexation benefits in India's Budget 2024 will increase NRIs' tax burden on real estate investments by imposing…
Indian Budget 2024: Key Changes for NRI Investors
The Indian Budget 2024 introduces a uniform Long-Term Capital Gains (LTCG) tax rate of 12.5%, raises the Short-Term…
Indian-Americans Pay 6% of US Taxes Despite Being 1.5% of Population
Indian-Americans, about 1.5% of the U.S. population, contribute around 6% of the country's income taxes, demonstrating notable economic…
Guide to Canada’s Credit System for Newcomers
Learn about Canada's credit system to manage money, make significant purchases, build credit, and avoid scams with this…