📌 The US House just passed a new bill called *The One Big, Beautiful Bill* (H.R. 1). It includes a new provision: a *3.5% tax* on money transfers abroad by non-US citizens. But what does this mean for Indians investing in US stocks? 👇 First: *No, this does not affect* Indian residents investing in US stocks from India. This 3.5% tax targets remittances (sending money to family/friends) and *not investment withdrawals*. 👉 *What is “The One Big, Beautiful Bill”?* It’s a sweeping 1,100+ page tax reform package reflecting Donald Trump’s economic vision. This includes tax cuts, spending shifts, and this new tax on outward remittances by non-citizens. 👉 *The new rule* A *3.5% tax* will be collected by banks/remittance services when non-US citizens send money abroad. Even *H-1B visa holders* and green card holders are included. US citizens/nationals are *exempt* (if verified via official channels). 📌 The US House just passed a new bill called *The One Big, Beautiful Bill* (H.R. 1). It includes a new provision: a *3.5% tax* on money transfers abroad by non-US citizens. But what does this mean for Indians investing in US stocks? 👇 First: *No, this does not affect* Indian residents investing in US stocks from India. This 3.5% tax targets remittances (sending money to family/friends) and *not investment withdrawals*. 👉 *What is “The One Big, Beautiful Bill”?* It’s a sweeping 1,100+ page tax reform package reflecting Donald Trump’s economic vision. This includes tax cuts, spending shifts, and this new tax on outward remittances by non-citizens. 👉 *The new rule* A *3.5% tax* will be collected by banks/remittance services when non-US citizens send money abroad. Even *H-1B visa holders* and green card holders are included. US citizens/nationals are *exempt* (if verified via official channels). If you're an *Indian resident that sells US stocks* and transfers funds from a US brokerage to an Indian bank. ✅ This is considered investment repatriation ❌ Not subject to the 3.5% excise tax *What’s next?* The bill has passed the US House, but it’s not law yet. It must still go to the Senate, and then be signed by the President. *Only then will it come into effect* We've covered this extensively on our blog. To learn more about the tax implications from this 'Big, Beautiful Bill', check it out below👇 . . https://www.indmoney.com/blog/us-stocks/big-beautiful-bill-no-tax-on-us-stock-withdrawals