Big Relief for NRIs: US Lowers Proposed Tax on Remittances to India from 5% to 1% in Revised Trump Bill

Last updated: 02 July 2025

In a major relief for Indian professionals working in the United States and Non-Resident Indians (NRIs) sending money back home, the revised draft of the One Big Beautiful Bill Act (OBBBA) has slashed the proposed tax rate on remittances to 1%, down significantly from the earlier 5% rate that had tr

You have reached daily limit of 2 Free News. To view this or other News please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
🤖 Summarize this with AI: 💬 ChatGPT 🔍 Perplexity 🤖 Claude 🔮 Google AI Mode 🐦 Grok

CCI Pro

Category Income Tax   Report

Comment   Share
  1536 Views
Comments

Recent News :

  1. Income Tax Department Releases Updated Common Offline Utility & Schema for Form 3CA-3CD and 3CB-3CD Filings
  2. Income Tax Bill 2025: Parliamentary Panel Retains CA-Only Definition of 'Accountant'
  3. Lok Sabha Select Committee Proposes Changes to Income Tax Bill, 2025
  4. AI Detects Tax Evasion in Hyderabad Using Font Analysis of Forged Capital Gains Bills
  5. ITR-2 Now Enabled for Online Filing with Prefilled Data on Income Tax Portal
  6. Revised Tax Audit Forms 3CA-3CD and 3CB-3CD Enabled on e-Filing Portal
  7. Finance Ministry Notifies Amendments to Special Benami Courts in Raipur and Jaipur
  8. GST System Set to Roll Out New Enhancements for Data Security and Transparency in ASP-GSP Access
  9. Parliamentary Panel Set to Adopt Report on New Income Tax Bill Ahead of Monsoon Session Push
  10. Income Tax Department Cracks Down on Bogus Refunds Claimed by MNC, PSU and Govt Employees

More »


Popular News




CCI Pro
Meet our PRO Members
Subscribe to CAclubIndia Pro

Trending Online Classes

view all classess
Follow us

Browse by Category