Do you have a few billions spare and want to invest it abroad without being asked to pay taxes? The tax haven of British Virgin Islands through which between USD …
Tax
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Global Tax Ledger: Rental Income, TDS and DTAA: The Essential Tax Checklist for NRIs
by Rajat Mohanby Rajat Mohan 3 minutes readFor many Non-Resident Indians (NRIs), owning a property in India is more than just a real-estate investment. It may be an ancestral home, a future retirement asset, or a source …
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Why One Must Fill Schedule FA (Foreign Assets) While Tax Filing in India
by Venugopal Bhandary 5 minutes readWith Indian retail investors increasingly diversifying into international equities and tech professionals accumulate overseas stock options, global financial reporting has shifted from an elite concern to a mainstream compliance requirement. …
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Rep. Subramanyam Pushes IRS to Simplify Joint Tax Returns
by SAH Staff Reporter 2 minutes readU.S. Representative Suhas Subramanyam (VA-10) has called on the Internal Revenue Service (IRS) to address problems that married couples encounter when filing their taxes jointly. “It doesn’t make any sense …
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With the July 31 deadline for filing income tax returns approaching and many Non-Resident Indians (NRIs) seeking clarity on the impact of the new Income Tax Act, 2025, the Income …
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Air India is said to have reduced the fuel surcharge on long haul flights including to the US. The airline is said to be charging $ 200 instead of $ …
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India Tightens Grip on Foreign-Funded NGOs with Sweeping FCRA Overhaul
by R. Suryamurthy 6 minutes readIndia’s non-profit sector is preparing for a fundamental shift in the way foreign-funded organizations operate after the Centre’s sweeping amendments to the Foreign Contribution (Regulation) Rules (FCRA), with legal experts …
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Tax Reform Beyond Rates: India Fixes Unequal MAT Treatment
by Rajat Mohanby Rajat Mohan 3 minutes readA good tax system should be uniform for all similar businesses. India has made a step in that direction by fixing a huge gap in the Minimum Alternate Tax (MAT) …