NRIS IN DUBAI TAX BENEFITS
Trump's 'One Big Beautiful Bill Act': How remittance tax plan might deliver a big economic blow to US allies?
Trump's 'One Big Beautiful Bill Act'': A new US bill proposes a 5% tax on money sent from the US to other countries. This targets non-citizens and foreign nationals. It could impact countries like El Salvador, Honduras, and Guatemala. Mexico opposes the tax, citing its impact on vulnerable workers. The bill may face legal and logistical challenges. It could also affect Indians living in the US.
White House study raises alarm: 9 million Americans could lose health insurance in 'major' recession if...
White House has warned that 8.2 to 9.2 million people could lose health insurance if Trump's 'big, beautiful bill' doesn't pass. The White House projects that the expiration of the 2017 Trump tax cuts in 2026 and other shocks would trigger a "moderate to severe recession." Republicans argue that it is a necessary step to rein in federal spending and reduce the deficit.
No more wait at the airport: Dubai to launch direct baggage delivery to your stay
Dubai airport offers luggage delivery to homes and hotels. Marhaba and DUBZ provide check-in from anywhere. Arriving passengers can skip baggage claim. Baggage storage and same-day delivery across UAE are available. These services are available at designated service points. Dnata plans to implement these services at Dubai's upcoming DWC terminal. The terminal aims to offer a fully automated, queue-free experience.
NRI Talk: Why NRIs are exploring Vietnam, Indonesia, and Africa for tactical growth, Sreepriya NS decodes
From favourable demographics and improving infrastructure to strategic diversification and early-stage investment opportunities, these regions are drawing attention for more than just their growth potential — they offer resilience, reach, and a new edge to global wealth strategies.
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Dubai Gold can come only through agencies nominated under CEPA
India has restricted gold and silver imports in specific forms to curb misuse of the India-UAE CEPA. The move, following a Budget FY26 announcement, aims to prevent gold imports disguised as platinum alloys to exploit lower duties.
Trump's 'one big, beautiful bill' offers $1k for newborns, immigration and tax cuts: 10-point explainer
President Trump's 'One, Big, Beautiful Bill Act' aims to reshape American policy through tax cuts, stricter immigration measures, and increased defense spending. The bill faces opposition despite narrowly clearing a House committee. It proposes making the 2017 tax cuts permanent, ending taxes on tips, and increasing military and border security funding, while also cutting federal spending and revising asylum policies.
Pune-based Agarwal can save Rs 10.5 lakh tax in new tax regime via corporate NPS, debt funds
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
BLS International Q4 Results: PAT surges 70% to Rs 145 crore, sales up 54%
BLS International Services Provider witnessed a significant surge in profitability for both the quarter and fiscal year ending March 31, 2025. The company's PAT for the quarter jumped by approximately 70% to Rs 145.2 crore, while sales increased by 54.74% to Rs 692.8 crore.
Health insurance beyond borders: How NRIs can manage healthcare needs of elderly parents back in India
NRIs are increasingly purchasing health insurance in India for their parents, driven by the need for comprehensive care from afar. Tailored plans offer benefits like shorter waiting periods and on-ground support, addressing the challenges of distance. Reforms and discounts further incentivize NRIs to secure their parents' financial well-being with comprehensive health coverage.
Government approves IIFT's proposal to open first offshore campus in Dubai
Indian Institute of Foreign Trade will establish its first foreign campus in Dubai. The institute received approvals from various ministries and UGC. This initiative aligns with the National Education Policy 2020. The Dubai campus aims to serve the Indian diaspora and global learners. It will also strengthen India's educational presence in the Gulf region.
DPIIT nod to 187 startups for income tax exemption under revamped Section 80-IAC: Govt
The Department for Promotion of Industry and Internal Trade (DPIIT) has approved 187 startups for income tax exemptions under Section 80-IAC of the Income Tax Act. The tax benefit offers a 100% deduction on profits for three consecutive years within a ten-year period, supporting innovation and job creation.
Lakshmi Mittal buys luxury mansion in Dubai's Emirates Hills
India-born billionaire Lakshmi Mittal has purchased one of Dubai’s most expensive homes in the upscale Emirates Hills community, often called the “Beverly Hills of Dubai.” The Baroque-style mansion, once listed for $200 million, sold for about half that amount earlier this year. The acquisition ranks among the priciest residential deals in the city’s booming property market.
NRI Talk: From Art to Angel Deals: NRIs are broadening their investment canvas, Sachin Sawrikar decodes
NRIs are increasingly diversifying their investments beyond traditional real estate and fixed deposits, exploring opportunities in mutual funds, GIFT City, and tech startups. Factors like resilient economic fundamentals, tax benefits in certain jurisdictions, and emotional ties to India drive this shift.
Canada's $27 billion gift for taxpayers: New Cabinet announces major tax cut for 22 million middle-class
Following the unveiling of a new cabinet, Canada has announced a significant personal income tax cut as one of the government's top legislative priorities for the new parliamentary session. The proposal will see the lowest marginal personal income tax rate reduced from 15 per cent to 14 per cent, effective from July 1, 2025.
Dubai's new airport promises shorter queues, quicker check-ins & immigration procedures
Dubai plans a 35 billion dollar terminal at Al Maktoum International Airport. The goal is a fully contactless passenger experience. Advanced tech will automate check-in and baggage handling. Biometrics will speed up security. Luggage will have barcodes from manufacture. The airport aims for better retail and transport links. Dubai wants to attract more visitors and residents.
NRI Talk: Why NRIs in Dubai and Singapore pay zero tax on mutual fund gains, Nitin Aggarwal explains
India is one of the most preferred markets for the long-term investments for NRIs. Several clients have increased exposure to India in recent years as there is no country other than India with strong and stable economic growth prospects.
Updated LTCG and STCG capital gains tax table by income tax department: Check the tax rates for equities, foreign currency bonds and more
The Income Tax Department has updated capital gains tax rates, differentiating between long-term (LTCG) and short-term (STCG) gains across asset classes. Effective July 23, 2024, LTCG on certain securities will be taxed at 12.5%, and STCG at 20%. Taxpayers should note that standard deductions under sections like 80C and 80D are not applicable against capital gains.
NRI Talk: Tax-free gains? How NRIs in UAE, Singapore & Mauritius legally avoid MF taxes
NRIs are increasingly aligning investments with India’s growth, drawn by economic resilience, reforms, and emotional ties. Tax-friendly hubs like Dubai and Singapore amplify returns, while new tools like GIFT City and fractional real estate expand options.
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