*🚨 US Plans 5% Tax on Remittances by Immigrants – Big Blow to Indian NRIs ❓* A new bill proposed by US House Republicans could levy a 5% excise tax on all remittances sent by non-citizens — including: 🧑‍💻 H-1B holders 🎓 F-1 visa students 🟩 Green card holders *Why ❓* To plug US fiscal deficits, fund Trump-era tax cuts & curb immigration flows. *💸 Why This Is a Big Deal for Indian-Americans & NRIs* *🇮🇳 India = World's #1 Remittance Receiver* $125 Billion in 2023 $33.2 Billion came just from the US (27%) That’s ~1% of India’s GDP! Now imagine — 🧾 5% tax = $1.66 Billion (~₹14,175 Cr) Just for sending money home! *📉 How It Impacts NRIs & Indian Economy* 🏡 NRI Families: Lower monthly income for parents, education, medical bills Less money to invest in Indian real estate, mutual funds, startups *🌍 Indian Economy:* States like Kerala, Punjab, Maharashtra could see a dip in consumption Real estate and capital markets may lose a key inflow Multiplier effect = ₹20,000–₹25,000 Cr economic hit *📢 NRI Investors: Time to Act Smart!* If you’re planning: ✔️ To invest in property ✔️ To send money for family ✔️ Or to park funds in Indian markets This may be your last tax-free window! 👉 Use NRI-compliant investment routes 👉 Make sure all remittances follow RBI & FEMA guidelines 👉 Stay tuned — this is still a proposal but gaining traction *📌 You can reach out to us on WhatsApp:- +919560314594* We will help you to explore the best Investment options to Growth your wealth. The US wants to tax your connection to home. Are you prepared ❓ 📍Read Here :- https://www.linkedin.com/posts/rajneeshjha-_nritaxalert-usindiapolicy-remittancetax-activity-7328720459263369216-LmEc?utm_medium=ios_app&rcm=ACoAAB9VxpMBzJ92bL33q8yfMNCBZzouBCdN3Ug&utm_source=social_share_send&utm_campaign=copy_link