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NRI SENDING MONEY TO INDIA IS TAXABLE
Max out your 401(k) in 2026: The $24,500 limit could quietly slash your tax bill before year's end, and plenty of workers still miss itThe 2026 401(k) employee contribution limit is $24,500. For a traditional 401(k), contributions generally reduce taxable income now, althou...- Got a high-deductible plan? How to maximize your $4,400 HSA limit and unlock 3 tax advantages in 2026Health savings accounts (HSA), offer three significant tax advantages for qualified expenses related to medical care. Individuals can contr...
- Social Security COLA 2027: Latest forecast, likely increase, and why it may be a bad news for retirees?Anticipation surrounds the October 2026 announcement by the Social Security Administration regarding the 2027 Cost-of-Living Adjustment (CO...
- Louisiana brothers accused of channeling $1.7 million to Hamas through Gaza aid campaigns, NYPD undercover operation exposes networkAbdel Adhami and Omar Adhami have been arrested for allegedly raising over $1.7 million intended for humanitarian aid to Gaza, with a signi...
- NRI child sending money to parents in India: Why a tax-free gift can still trigger an income-tax noticeParents receiving money from their NRI children in India may enjoy tax exemptions on gifts, but large transactions can attract scrutiny fro...
- Dubai NRI bought Rs 2.31 crore property, didn’t file ITR, got income tax notice; she fights back and wins in ITAT on these groundsMrs Chudamasa’s counsel argued that the AO had erred in treating Rs 2,31,20,000 as investment made during financial year 2017-18. He submit...
- Your UPI payment just got a price tag: what it means for GST-registered taxpayersNPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.
- 'Proud to return your money to you': Trump sends personalized letter with $500 ACA 'refund' checks - Read Full TextEligible Americans are set to receive $500 refund checks from President Donald Trump linked to the Affordable Care Act. These refunds targe...
- Rs 9.91 lakh income tax refund for senior citizen after proving that he mistakenly paid income tax on tax-free bonds; ITAT Delhi order explainedMr Ajay Kumar Bakaya a senior citizen from Gurgaon faced a significant tax issue when he accidentally overpaid income tax on his tax-free b...
- NRE vs NRO FD TDS rules: Tax rate for NRIs, PAN rules, DTAA benefit and repatriation limitWhen it comes to Non-Resident External (NRE) and Non-Resident Ordinary (NRO) fixed deposits, understanding their distinct tax implications ...
- Could an IRS notice mean up to $1,000 for your retirement in 2027 and what do you need to do now to qualify for the new match?The IRS is mailing notices about a retirement benefit that will not start until 2027. The letter does not mean a $1,000 payment is coming n...
- My NRI status changed. Will interest earned on my NRE FDs be taxable in India?ET Wealth reader's query: I was an NRI until FY2024–25. After relocating to India, my residential status changed to ‘resident’ from FY2025–...
- Buying property abroad for your NRI child? Know how much Indian parents can transfer and the tax implicationsNavigating overseas property purchases for NRI/OCI children can be complex for Indian parents, entangled in regulations like FEMA and RBI's...
- Moving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuityTax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.
- Can you save tax by gifting money to your HUF? How Section 99 changes the tax equationMoney or property gifted by a member to an HUF may not be taxable in the HUF’s hands because of the “relative” exemption. But the tax conse...
- 'Can we find him?' Foreign woman is searching for Indian auto driver one year after their chance encounter because she still can’t forget the momentA foreign woman is trying to find an Indian rickshaw driver she met during her India visit a year ago after he refused to take her fare. To...
- Amritsar Police arrest 2 over pro-Khalistan graffiti, probe US linksAmritsar Police arrested two local men for allegedly painting pro-Khalistan slogans and Referendum 2020 text. The suspects were connected t...
- What happens if Social Security payroll taxes rise to 17%? The 2032 funding deadline could put thousands of dollars at stake for workersA higher Social Security tax could eventually take a noticeable bite out of workers’ paychecks. One estimate says closing the program’s lon...
- Mumbai felt safer than US: NRI returns to India after 23 years, shares why he left the American DreamAn NRI who spent 23 years in the US has shared why he eventually moved back to Mumbai, saying he "felt safer" there. After building a caree...
- Can NRIs save income tax by gifting shares to their resident parents? Know these tax rules before transferring sharesWhile giving shares to your parents who reside in your home country might appear as a thoughtful gesture, it has substantial tax considerat...
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