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.
Income-Tax Act, 2025 Section 31 Defines Bad Debts Deductibility, Guides Taxpayers
Section 31 of the Income-tax Act 2025 clarifies tax deductions for bad debts, distinguishing between estimated provisions and actual accounting write-offs.
Visa Holders in Texas Keep 401(k) Withdrawals Tax-Free Under Substantial Presence Test
Texas offers $0 state tax on 401(k) withdrawals for visa holders in 2026, though federal taxes and residency…
South Carolina Governor Signs Law Cutting Income Tax and Boat Property Taxes
South Carolina cuts top income tax to 5.21% and slashes boat property taxes in new 2026 legislation signed…
Supreme Court to Examine Assessment Limitation Under Indo-Swiss DTAA Extension
India faces a March 2026 tax deadline as the Supreme Court weighs if Indo-Swiss DTAA amendments can legally…
Banks to Deduct TDS Under Section 194A on Interest Above ₹50,000 Per Financial Year
Learn India's 2026 TDS rules for deposit interest: ₹50k limit for non-seniors and ₹1L for seniors. Avoid 20%…
Draft Income Tax Rules Raise PAN Threshold to ₹20 Lakh from April 1, 2026
India proposes raising the PAN threshold for property deals to ₹20 lakh in 2026, but the current ₹10…
Florida, No State Income Tax, Social Security Benefits Attract Immigrant Retirees
Florida has no state income tax for 2026, but federal IRS rules and foreign account reporting (FBAR) still…
CBDT Extends Sovereign Wealth Funds Tax Exemption Under Section 10(23FE) to March 31, 2030
India extends Section 10(23FE) tax exemption for sovereign wealth and pension funds to March 31, 2030, covering infrastructure…
Trump Executive Order Could Let Employees Add Crypto and Private Equity to 401(k)s
Trump's executive order seeks to allow 401(k) plans to invest in private equity and crypto, potentially impacting 90…
Goods and Services Tax Settlement Rules, 2026 Streamline IGST Apportionment Through GSTN
The 2017 GST Settlement of Funds Rules remain in effect for 2026, governing IGST revenue sharing between India's…