Union Budget 2026-27 Sets 30% Tax Rate on Unexplained Income in Cash Credits and Investments
India has proposed a new 30% tax rate for unexplained income starting in FY 2026-27. While the rate…
India Grants Tax Holiday to Foreign Companies Using Data Centres
Finance Minister Nirmala Sitharaman announced a tax holiday through 2047 for foreign cloud firms using Indian data centers…
Union Budget 2026-27 Shifts Share Buyback Taxation to Capital Gains for Minority Investors
The Indian Union Budget 2026-27 reclassifies share buybacks as capital gains for most investors. Retail holders benefit from…
How to Claim TCS Refund Using Form 26AS When Filing Income Tax Return (itr)
Taxpayers who paid TCS on foreign remittances must file an ITR to claim refunds. Success depends on the…
Nris Shift Capital Into Infrastructure & Transport After Budget 2026
India's Budget 2026 doubles NRI equity investment limits and simplifies market entry to attract diaspora capital. With a…
Union Budget 2026–27 Lowers LRS TCS to Boost NRI Liquidity
India's 2026 Budget focuses on reducing financial friction for NRIs by lowering remittance taxes to 2%, simplifying property…
Budget 2026 Cuts TCS to 2% Easing Education Remittances Under Liberalised Remittance Scheme
The Indian government reduced the TCS rate for overseas education and medical remittances from 5% to 2% for…
International Students Face Tax Risks After Filing Form 1040 Instead of Form 1040-NR Nonresident Return
Nonresident visa holders often misfile tax returns as residents, risking IRS penalties and immigration issues. This guide outlines…
IRS Tax Guide: U.S. Treasury Bonds for Visa Holders and Residents
A comprehensive overview for immigrants and visa holders on reporting U.S. Treasury Bond interest for tax year 2026.…
AXIS Capital Holdings Ltd Sees Tax Hit from Bermuda Corporate Income Tax
Bermuda’s new corporate income tax framework introduces a mandatory installment computation deadline on February 2, 2026. Designed to…
Virginia Democrats Propose Millionaire’s Tax with HB 188 and HB 979
New legislative proposals in blue states like Virginia and Washington aim to increase taxes on individuals earning over…
Massachusetts Moves to Cap Sports Bets and Raise Tax Under Senate Bill 302 Bettor Health Act
The proposed 'Bettor Health Act' in Massachusetts seeks a 51% tax on online sports betting and a ban…
Federal Government Shutdown Will Not Delay Tax Refunds Amid One Big Beautiful Bill Act (obbb)
Taxpayers must file 2026 returns by April 15, 2027. While potential shutdowns pose service risks, e-filed refunds generally…
Trump Sues IRS and Treasury Department for $10 Billion Over Tax Leak
A $10 billion federal lawsuit has been filed in Miami by Donald Trump against the IRS and Treasury…