US taxes for NRI restaurant owners depend on tax residency, business structure and location. Foreign owners may face federal income tax, EIN or ITIN requirements, foreign-owner reporting, payroll obligations and state or local taxes when operating a U.S. restaurant. Owning a restaurant in the United States can create tax responsibilities even when the investor lives outside the country. For Indian investors, “NRI” does not determine U.S. tax treatment; U.S. rule

Are GoFundMe donations tax-deductible in the United States? Personal fundraiser donations generally do not qualify, while donations to eligible nonprofit campaigns may. New 2026 federal rules also provide a limited deduction for certain cash gifts to qualified charities. Are personal GoFundMe donations tax-deductible? In most cases, donations to personal GoFundMe campaigns are not tax-d

GoFundMe donations tax rules can be confusing for NRIs supporting friends or relatives in the United States. Personal fundraiser contributions are generally not charitable deductions, while genuine gifts may have different income and gift-tax treatment. Are GoFundMe donations tax-deductible? Giving money through GoFundMe does not automatically create a U.S. tax deduction.

The India-Mauritius DTAA Protocol has moved closer to implementation after Mauritius approved its ratification, offering investors greater clarity on the PPT rule and legacy investments. The move also seeks to reinforce Mauritius FDI links with India while tightening safeguards against treaty abuse. PPT rule brings greater clarity to the tax treaty Mauritius' Cabinet on July 17 approved ratific

  Illinois back-to-school sales tax holiday 2026 runs August 7-16, cutting the state portion of sales tax by 5 percentage points on eligible school supplies and qualifying clothing and footwear under $125 per item, while local taxes still apply across the state. Illinois shoppers can pay a reduced state sales tax rate on qualifying back-to-school purchases during a 10-day tax holiday ru

For taxpayers whose applicable due date is July 31, Friday is the final day to file the Income Tax Return for Financial Year 2025-26, corresponding to Assessment Year 2026-27. The deadline differs by taxpayer category, so filers should confirm the correct form and due date before submission. ITR Filing Form And Personal Details Need A Final Review Choosing the correct ITR form is the first essential check. Salaried individuals, investors,

Taxpayers whose applicable ITR deadline is July 31, 2026, should organise their income, investment and tax records before starting the filing process. Keeping seven essential sets of documents ready can prevent incorrect disclosures, delayed refunds, missed deductions and possible tax notices. ITR Deadline Nears For Eligible Taxpayers With the July 31, 2026, income tax return deadline approaching for eligible taxpayers, individuals sh

Finance Minister Nirmala Sitharaman urged Income Tax officials to stop making citizens chase departments for services they are legally entitled to receive. Sitharaman Tells Tax Officers to Serve Citizens Without Delay Finance Minister Nirmala Sitharaman has asked Income Tax Department officials to ensure that taxpayers and ordinary citizens are not forced to move repeatedly between government offices for routine services and benefits that

The Illinois tax holiday comparison shows major differences across nearby states in 2026. Illinois offers a 10-day state-rate reduction, Iowa provides a two-day clothing exemption, and Missouri removes state and local tax from qualifying school purchases for three days. Illinois offers the longest nearby holiday

Illinois tax holiday savings depend on how much a family spends on qualifying products from August 7-16, 2026. The state rate falls by five percentage points, producing savings of $5 per $100. Clothing and footwear must cost under $125 per item, while eligible school supplies have no price cap. Families save $5 for every $100 For the full schedule, reduced tax rate and shopping rules, read our

The Illinois tax holiday eligible-items checklist explains what receives the reduced state tax rate from August 7-16, 2026. Clothing and footwear must cost under $125 per item, while qualifying student school supplies have no price cap. Computers and textbooks remain excluded. Reduced rate applies only to listed products

The 2026 back-to-school tax holidays begin in July and continue through August across 17 states and Puerto Rico. This guide compares dates, clothing and school-supply limits, computer exemptions, local-tax rules and key differences shoppers should check before purchasing. July holidays start the 2026 season

The Illinois tax holiday 2026 runs from Aug. 7 through Aug. 16, reducing the state sales tax portion by five percentage points on qualifying clothing, footwear and school supplies. Apparel and shoes must cost under $125 per item, while eligible student supplies have no price cap. Illinois tax holiday begins August 7

The government says the Income Tax e-filing portal can manage the July 31 rush after infrastructure upgrades, although occasional delays may occur during peak traffic. ITR Filing Rush Intensifies Before July 31 The Income Tax Department’s e-filing portal is seeing rapidly rising traffic as the July 31, 2026 deadline approaches for many salaried employees, pensioners and individuals filing ITR-1 or ITR-2 for Assessment Year 2026-27. The g

This guide explains NRE, NRO and FCNR accounts in plain English, compares tax and repatriation rules, shows where overseas and Indian income should go, and gives realistic account combinations for salaried NRIs, landlords, investors and families. Last reviewed: July 18, 2026 The first banking question most new NRIs ask sounds simple: “Which Indian account should I use now?”

China’s fiscal system is under growing pressure as land sales weaken, property activity remains subdued and government spending continues to exceed revenue. Official figures suggest a deeper shift in how Beijing and local authorities fund services and infrastructure. Land slump cuts a major funding source For years, local governments relied heavily on selling land-use rights to developers. That model worked w

The UK tax rule on FCNR deposits is weakening their appeal among some wealthy NRIs because overseas interest may be taxed in Britain. Higher Indian returns and the RBI-backed incentive remain attractive, but investors must now compare headline rates with their final post-tax income. UK tax rules are weakening the appeal of Foreign Currency Non-Resident, or FCNR, deposits for some wealthy NRIs, particularly long-term UK residents who may owe British tax on interest

MIAMI — A federal judge is examining whether the resolution of President Donald Trump’s $10 billion lawsuit against the Internal Revenue Service involved deception, collusion or possible fraud on the court. U.S. District Judge Kathleen M. Williams ordered further briefing on Friday, May 29, 2026, after 35 former federal judges asked her to reconsider the case’s closure. No finding of fraud has been made. Trump, his two elde

ALEXANDRIA, Va. — A federal judge has kept the Trump administration’s proposed $1.776 billion Anti-Weaponization Fund on hold after senior officials declined to provide sworn assurances that the program had been abandoned. U.S. District Judge Leonie M. Brinkema issued a preliminary injunction on Friday, June 12, 2026, barring the Justice and Treasury departments from creating, financing or operating the fund. The order

Illinois gas tax pause talks remain active as a scheduled fuel tax increase approaches on Wednesday, July 1, 2026. Gov. JB Pritzker has said he is open to considering a pause, but state leaders have not announced a final plan. The Illinois General Assembly faces a key deadline on Sunday, May 31, 2026, when the spring legislative session is scheduled to adjourn. That gives lawmakers limited time to act before the automatic increase takes effect. Illinois gas tax pa