Income Tax Department Defines Non-Resident Individual for Assessment Year 2026–27
Guide to Indian tax residency for AY 2026–27: Learn how day-count rules, the ₹15 lakh income limit, and…
Nris Can Earn Up to 7.10% on USD FCNR(B) Deposits in India. But U.S. Tax Rules Apply
Indian banks raise USD FCNR(B) deposit rates to 7.10% through Sept 2026, offering NRIs high-yield, dollar-denominated returns with…
Green Card Holders in India Face U.S. Tax Filing as Resident Aliens, Even Without U.S. Income
Green card holders in India must file U.S. tax returns on worldwide income until formal status abandonment, even…
ACT Drops Stamp Duty for First-Home Buyers from July 1, 2026. What Migrants Need to Know
The ACT will remove stamp duty for first-home buyers from July 1, 2026, lowering upfront costs for Canberra…
IRS Launches Centralized Web Page to Streamline Tax Fraud and Scam Reporting
The IRS launched a unified portal in 2026 to report tax fraud and identity theft, emphasizing AI threats…
Aussies Face ‘double Taxation’ as 50% Capital Gains Tax Discount Meets 30% Minimum Tax
Australia proposes replacing the 50% CGT discount with indexation and a 30% minimum tax starting July 1, 2027,…
Indian Banks Hike NRI Deposit Rates as RBI Eases FCNR(B) Swap Facility Rules
RBI opens temporary swap window for 3-5 year FCNR(B) deposits through Sept 2026, potentially raising NRI returns while…
Rep. Angie Craig Backs You Earned It, You Keep It Act to Raise Social Security Tax Cap
The You Earned It, You Keep It Act is pending; Social Security benefits remain taxable for 2026. No…
IRS to Merge Office of Professional Responsibility and Return Preparer Office Despite AICPA Opposition
IRS proposes office merger as 2026 tax deadlines approach. Immigrants must track FBAR and 1040-NR rules while verifying…
Landlords Bring Sales Forward as Higher Residential CGT Rate Ends Business Asset Disposal Relief
UK landlords face a reshaped tax market in 2026 following the end of the holiday let regime and…
House Ways and Means Committee Probes IRS Data-Sharing Agreement as Refunds Stall
Lawmakers demand answers as 1.7 million IRS refunds are frozen following illegal data-sharing with ICE and a mandatory…
US Wind Gains Tax Credit Reprieve Under Physical-Work Test in Continuous Construction
Wind developers must start construction before July 5, 2026, to secure IRS tax credits, requiring significant physical work…
U.S. Taxpayers with Indian NRE/NRO Accounts Risk Penalties If Interest Goes Unreported
U.S. residents must report Indian NRE/NRO interest and file FBAR/FATCA forms to avoid IRS penalties. Indian tax-exempt status…
₹1,25,000 Tax Deduction Under Section 80U and 80DD for Disability Relief
Learn the differences between Section 80U and 80DD for disability tax deductions in India, covering eligibility, fixed amounts,…