Taxes
Latest in Taxes
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 is lower…
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 for global…
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 lower tax…
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 TCS appearing…
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 focus on…
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 transaction paperwork,…
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 transfers above…
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 how to…