GIFT City IFSC or Direct Global Investing Under Liberalised Remittance Scheme? What 4 Groups Must Check
A comparison of GIFT City vs. Direct Global Investing for Indian residents and NRIs, focusing on tax efficiency,…
Turkey Approves 20-Year Tax Break with 1% Inheritance Rate on Foreign Income
Turkey approves a 20-year tax break on foreign income and a 1% inheritance tax to attract wealthy new…
Senators Push IRS to Let Health Savings and Flexible Spending Accounts Buy Vitamins
Senators and new 2026 legislation aim to allow HSA/FSA funds to cover vitamins and dietary supplements, potentially lowering…
Competition Commission of India Closes Rapido Case, Cites Motor Vehicles Act
The CCI dismissed an antitrust case against Rapido, ruling that vehicle permit disputes fall under the Motor Vehicles…
Reserve Bank of India Data Shows Rise in Visa-Linked Overseas Transfers Under ₹2.5L LRS
RBI's LRS rules for 2026 impact student visas, EB-5 investments, and tax filings with new TCS rates and…
IRS Sends CP2000 Income Mismatch Notice After Automated Underreporter Flags Return
Understand the IRS CP2000 notice for income mismatches. Learn how to respond to proposed tax corrections and avoid…
Filed Form 1040 Instead of 1040-NR? Visa Holders and Students Need a Correction Checklist
Learn how to correct U.S. tax filing errors using Form 1040-X if you mistakenly filed as a resident…
Assessing Officer Flags Bogus Purchases, but Accepted Sales Can Limit Tax Additions
India's tax authorities target bogus purchases from untraceable suppliers; accepted sales records can limit tax additions to profit…
Where’s My Refund? Identity Verification Can Stall IRS Processing
IRS 'still processing' status in 2026 usually means routine review, not an audit. Confirm acceptance and check for…
Legal Tax Savings Require Real Transactions and Evidence as Income-Tax Department Tightens
Learn how to legally reduce Indian tax liability through regime choice and deductions while maintaining the documentation required…
Income Tax Tribunal Rules GST Refunds Aren’t Taxable If Exclusive Method Is Used
The ITAT rules that GST refunds are not automatically taxable if the tax was never claimed as a…
Experts Warn Trump Immunity from IRS Audit Could Erode Trust in Tax System
Experts warn that a settlement shielding Trump from IRS audits undermines tax system equality and risks damaging public…
Jeff Bezos Proposes Plan That Could Eliminate Federal Income Tax for Bottom Half
Jeff Bezos proposes eliminating federal income tax for the bottom half of earners in 2026, citing its low…
Missouri Governor Puts Income Tax Elimination Plan on August Ballot as Amendment 5
Missouri Gov. Mike Kehoe places Amendment 5 on the August 2026 ballot to phase out state income tax…