A proposed US bill, dubbed ‘The One Big Beautiful Bill,’ could impose a 3.5% remittance tax on money transfers from the US to India by 2026, impacting Indian immigrants, including H-1B visa holders and permanent residents. This legislation, awaiting Senate approval, may significantly increase the financial burden on the Indian community, potentially costing them over a billion dollars annually.<\/p>","protected":false},"excerpt":{"rendered":"
A proposed US bill, dubbed ‘The One Big Beautiful Bill,’ could impose a 3.5% remittance tax on money transfers from the US to India by 2026, impacting Indian immigrants, including H-1B visa holders and permanent residents. This legislation, awaiting Senate approval, may significantly increase the financial burden on the Indian community, potentially costing them over… Read More »Remittances tax: How Trump’s ‘The One Big Beautiful Bill\u2019 may turn out to be ugly for Indians in US<\/span><\/a><\/p>\n","protected":false},"author":0,"featured_media":42447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts\/42446"}],"collection":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/comments?post=42446"}],"version-history":[{"count":0,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts\/42446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/media\/42447"}],"wp:attachment":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/media?parent=42446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/categories?post=42446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/tags?post=42446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}