5% Tax on Remittances to India? What NRIs, H-1B, F-1, J-1, and Green Card Holders Must Know
Introduction A new U.S. legislative proposal has sparked widespread concern among Indian expatriates, especially those working under H-1B, F-1, and other non-immigrant visas. Titled the “Big Beautiful Bill,” this proposed law seeks to impose a 5% tax on international remittances made by non-U.S. citizens. For Indian residents abroad who routinely send money to family or […]
Top Benefits of Filing Your Income Tax Return Early (Beyond Just Avoiding Penalties)
Filing your Income Tax Return (ITR) might feel like a tedious annual obligation, but doing it early—well before the deadline—comes with a host of hidden advantages. While most taxpayers rush to meet the last date to avoid late filing fees, seasoned professionals and financially savvy individuals know that early ITR filing can actually be a […]
ITR FILING GUIDE 2025: Learn All About 7 ITR Forms in India
Income Tax Return (ITR) filing is a critical annual obligation for individuals and businesses in India. Selecting the correct ITR form ensures compliance, avoids penalties, and facilitates smooth tax assessments. With the Assessment Year 2025–26 underway, this guide aims to simplify the complexities of ITR forms and help you determine the right form for your […]
5 years of Faceless assessment in India, Is Faceless Assessment a Success or Failure?
In 2020, the Indian government launched the Faceless Assessment scheme to revolutionize income tax proceedings. The objective was clear: eliminate human interaction, reduce corruption, and ensure faster, fairer tax assessments through a digital framework. Nearly five years later, India’s faceless tax system remains one of the most debated reforms in the country’s fiscal history. So, has it been a success—or […]
Upcoming Changes in TDS Provisions – Effective from April 1, 2025
The Indian government has proposed significant changes to the Tax Deducted at Source (TDS) provisions under the Income Tax Act, effective from April 1, 2025. These amendments aim to simplify tax compliance, rationalize threshold limits, and reduce TDS rates to improve the ease of doing business. As a leading Income Tax consultants, PGA & Co. […]