Taxes
F1 Visa Taxes: Do International Students Pay State Taxes in the USA?
F1 visa students in the U.S. may be subject to state and local taxes. It is important for international students to understand their tax obligations.
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Lasted Taxes
Can H1B Visa Holders Earn 1099 Income?
H1B visa holders generally cannot receive 1099 income, as they are required to work as employees, not independent contractors. Compliance…
Understanding the Employee Retention Credit
The Employee Retention Credit (ERC) is a refundable tax credit from the CARES Act to help businesses retain employees during…
NRIs Tax Clearance Mandatory from October 2024
Starting October 1, 2024, certain Non-Resident Indians (NRIs) and individuals moving abroad must get a tax clearance certificate before leaving…
How to Get a Tax Clearance Certificate in India
A Tax Clearance Certificate (ITCC) from Indian tax authorities verifies that an individual has paid all due taxes. While typically…
Govt Clarifies Tax Clearance for Indians Moving Abroad
The Indian government clarifies that only individuals with significant financial irregularities or tax arrears over ₹10 lakh need a tax…
Impact of Removing Indexation Benefits on NRI Real Estate Investments in India
Removing indexation benefits in India's Budget 2024 will increase NRIs' tax burden on real estate investments by imposing a flat…
Indian Budget 2024: Key Changes for NRI Investors
The Indian Budget 2024 introduces a uniform Long-Term Capital Gains (LTCG) tax rate of 12.5%, raises the Short-Term Capital Gains…
Indian-Americans Pay 6% of US Taxes Despite Being 1.5% of Population
Indian-Americans, about 1.5% of the U.S. population, contribute around 6% of the country's income taxes, demonstrating notable economic success. Factors…