Foreign Exchange Remittance Industry Analysis
US 401(k) and other overseas pension account holders: Forms ITR-1 and ITR-4 are no longer available under the new Indian I-T Act; they must now file ITR-2 or ITR-3
India tightens foreign asset reporting for NRI investors, forcing 401(k) holders to file complex tax forms, signaling stricter compliance enforcement
Impact: 6/10