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,…
Angel Tax Ends, but DCF and NAV Valuations Still Guide Share Pricing for Founders
India's angel tax repeal in 2026 shifts focus to DCF and NAV methods for FEMA and company law…
Migrants and Overseas Owners Face July 2027 Deadline for Property Sales in CGT Planning
Australia to reform Capital Gains Tax on 1 July 2027, replacing the 50% discount. Investors must weigh selling…
Trucking Executive Calls 9.9% Washington Income Tax ‘unknowable’ in Klickitat Court
Washington's new 9.9% tax on income over $1M faces a constitutional challenge in court, creating uncertainty for high…
Federal Court Invalidates IRS Notice 2025-42 Rules Limiting 5% Safe Harbor for 1.5 MW Projects
A federal court vacated IRS Notice 2025-42, restoring the 5% safe harbor and physical-work pathways for wind and…
Finance Ministry Sets 15% Capital Gains Tax on Digital Assets Above €500 Exemption
Greece proposes a 15% crypto capital gains tax with a €500 exemption. The measure awaits parliamentary approval and…
IRS Restructures Security Summit to Strengthen Defenses Against Tax Fraud
IRS restructures Security Summit into five units to fight fraud as TIGTA reports thousands of improper taxpayer data…
New Castle County Lawmakers Back House Bill 461 to Extend Split Property Tax Rates
Delaware lawmakers advance bills to extend split school tax rates in New Castle County and set new statewide…
Payrolls Split OPT and H-1B Wages to Apply FICA Exemptions Correctly
Learn how to manage FICA tax exemptions when switching from OPT to H-1B status in 2026 to avoid…
F-1 Students Face Tax Residency After Five-Year Rule Exhausts Form 8843 Exemptions
F-1 students must track the five-year rule for tax residency to avoid filing errors and ensure they report…
IATA Warns Airlines Face Insolvency as Willie Walsh Cites Jet Fuel Price Surge
IATA warns global airline profits will drop to $23B in 2026 as jet fuel prices surge 70%, threatening…
No Income Tax Up to ₹12 Lakh Is a Rebate, Not Exemption. Nris Must Watch
India's ₹12 lakh tax relief is a rebate, not an exemption. Residents qualify, but NRIs and investors with…
Tax Law Eyes Beneficial Owner as Only One Claims Capital Gains Exemption on Joint Property
Indian tax rules require proof of real ownership and reinvestment for spouses to claim separate capital gains exemptions…