07-July-2025
Markets and Finance
 
‘No remittance tax if you pay by…’: How NRIs can avoid new US levy
05-Jul-2025

A recent tweet on X (formerly Twitter) sparked widespread discussion among Indian expatriates when a user highlighted a significant update on the US remittance tax: “There will be no remittance tax if you pay by ACH transfer or debit card which most Indians use.” This succinct message captured the attention of many NRIs, as it clarified a key exemption in the controversial remittance tax proposal currently under debate in the US Senate.

News Source:- https://www.financialexpress.com/business/investing-abroad-no-remittance-tax-if-you-pay-by-how-nris-can-avoid-new-us-levy-3903718/?ref=hometop_hp
 
 
 

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