Big Relief For NRIs: US Senate Cuts Proposed Remittance Tax From 3.5% To 1% | Personal Finance News
[ad_1] New Delhi: Indian expats in the U.S. may soon get some relief on money transfers back home. The final draft of the ‘One Big Beautiful Bill Act’, backed by former President Donald Trump, now proposes slashing the remittance tax to just 1 per cent. This is a major reduction from earlier versions which suggested…