What is cross-border tax advisory?

Cross-border tax advisory helps businesses and individuals manage tax obligations across multiple countries — ensuring compliance with UK, UAE, US, and Indian tax laws while minimising unnecessary tax liability.

Do NRIs living in the UK need to file a tax return?

Yes. NRIs living in the UK are subject to HMRC rules based on their residency status. The Tax Planet provides specialist NRI tax planning to ensure full compliance and maximum DTAA benefits.

What is DTAA and how does it benefit NRIs?

DTAA (Double Taxation Avoidance Agreement) prevents NRIs from being taxed twice on the same income in two countries. The Tax Planet helps clients claim all available DTAA benefits across UK, UAE, US and India.

How does The Tax Planet help Indian businesses in the UK?

We provide specialist tax planning, HMRC compliance, bookkeeping, and cross-border advisory — helping Indian-origin businesses stay compliant and tax-efficient across the UK and India corridor.

What services does The Tax Planet offer for UAE residents?

We advise UAE-resident Indians and businesses on cross-border tax exposure, UK tax obligations, corporate structuring, and international tax planning across UAE, UK and India.

How do I book a consultation with The Tax Planet?

Simply click the Book A Call button on our website to schedule a free discovery call with our specialist advisors.

US-India Tax Guide 2026: NRIs, H1B Holders & Cross-Border Businesses

The United States and India share one of themost complex bilateral tax relationships inthe world. For Indians living in the US —whether on H1B visas, Green Cards, or asUS citizens with Indian financial ties —2026 brings continued IRS enforcement,strict foreign account reporting deadlines,and significant consequences for those whoare not fully compliant. This is your complete guide.

Who Needs US-India Tax Guidance in 2026?

The US-India tax relationship is unique because it affects not just businesses — but millions of individuals. You need specialist guidance if:

You are an H1B visa holder with Indian bank accounts or investments

You are a Green Card holder with Indian property or business interests

You are a US citizen with Indian financial ties — NRE, NRO, or FCNR accounts

You own a US company with Indian subsidiaries or related-party transactions

You are planning to sell Indian property or investments while living in the US

The Unique Challenge of US Taxation

Unlike the UK or UAE, the United States taxes its citizens and permanent residents on worldwide income regardless of where they live or where the income is earned. This creates a dual obligation that catches many Indians completely off guard in 2026.

Worldwide income — US taxes all global income including Indian salary, rent, and dividends

FATCA — Indian accounts above $50,000 must be reported on Form 8938

FBAR — Indian accounts above $10,000 require FinCEN Form 114 filing

GILTI — US companies with Indian subsidiaries face Global Intangible Low-Taxed Income tax

PFIC — Indian mutual funds classified as Passive Foreign Investment Companies

How the US-India DTAA Protects You

The US-India Double Taxation Avoidance Agreement ensures you do not pay full tax twice on the same income. Key protections in 2026:

Reduced withholding — lower rates on dividends, interest, and royalties from India

Foreign tax credits — Indian tax paid credited against US liability on Form 1116

Residency tie-breaker DTAA determines where you pay tax if both countries claim you

Business profits — Indian profits only taxable in US if permanent establishment exists

Pension income specific provisions for government and private pensions under treaty

FATCA & FBAR — Critical 2026 Deadlines

FATCA (Form 8938) — $50,000+ assets, due with tax return

FBAR (FinCEN 114) — $10,000+ accounts, due 15 April 2026

US Tax Return (Form 1040) — All income, due 15 April 2026

Extension (Form 4868) — Extended deadline 15 October 2026

Abroad Extension — Automatic, due 15 June 2026

Indian Property & Investments — US Tax Treatment

Owning Indian assets as a US tax resident creates specific obligations in 2026:

Indian rental income — declare on Schedule E; claim TDS credit on Form 1116

Indian bank interest — declare on Schedule B; reportable on FBAR and FATCA

Indian capital gains — report on Schedule D; claim Indian CGT as foreign tax credit

Indian mutual funds — classified as PFICs; complex annual reporting required on Form 8621

Indian property sale — Indian TDS plus US CGT apply; foreign tax credit reduces double taxation

GILTI — The Tax Trap Most Indian Business Owners Miss

If you are a US person who owns 10% or moreof an Indian company, you may be subject toGILTI — Global Intangible Low-Taxed Income tax.GILTI applies to the profits of your Indian company above a 10% return on tangible assets —and is taxed in the US at rates upto 10.5%for individuals, even if you have not takenany dividends from the Indian company.In 2026, the IRS is actively auditing US share holders of Indian companies who havenot correctly reported or paid GILTI. Thisis not an obscure technical rule — it isa real and significant US tax exposure for thousands of Indian-Americans.

What Should You Do Now?

2026 is not the year to hope your Indian assets are invisible to the IRS. Automatic data sharing under FATCA means India reports US persons’ financial account data directly
to the IRS every year.

Check all Indian accounts for FBAR and FATCA reporting requirements immediate

Review past US tax returns for unclaimed DTAA benefits and foreign tax credits

Assess Indian mutual fund holdings for PFIC reporting obligations on Form 8621

Review Indian company ownership for GILTI exposure and plan accordingly

Plan any Indian property sale before completing — timing significantly impacts total tax

Speak to a US-India specialist who knows both IRS requirements and Indian tax law