How do Indian EB-5 investors navigate their unique tax and wire transfer limitations?
February 21, 2025
By: EB5Investors.com Staff
“EB-5 attorney Kripa Upadhyay explains that this tax tracks and regulates foreign outward remittances and ensures appropriate taxes are paid on such transactions. “Any TCS paid can be used to offset your tax liability in India at the time of filing your return. The TCS rate may vary depending on the purpose of the remittance and the total amount being transferred.”
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