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India to postpone tax that will impact EB-5 investors

India, one of the biggest EB-5 markets, presents a potential hurdle to new investors with the planned increase of Tax Collected at Source (TCS) from 5% to 20%, which will add around $120,000 to the required investment amount. However, the Indian government postponed this tax hike from July 1, 2023, to October 1, 2023, providing investors with an extended 90-day window to make their investments at the lower TCS rate. The TCS tax can later be refunded to Indian investors, as it is an advance tax that can be claimed back on the annual tax return.

See The Economic Times article

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