Tag: remittances
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US proposes 3.5% excise tax on remittances: Who it will impact and how
The US House of Representatives is understood to have passed the ‘One Big, Beautiful Bill Act’ — a sprawling tax and spending package that...
Trump regime’s plan to tax remittances could hit Indian diaspora hard
The United States has proposed an excise tax on remittance transfers by levying a 5% excise tax on remittances. The proposal, which is yet...
US proposes 5% tax on remittances by non-citizens – What could it mean for Indians
For many Indian families, it’s been a point of pride – and often livelihood – that their children send money back from the United...
Budget 2025: How new TCS rates will affect your foreign travel and remittances
The Union Budget 2025 has raised the threshold for tax collected at source (TCS) on remittances under the Liberalised Remittance Scheme (LRS). The limit...
