India, May 20 -- Amid global uncertainty driven by conflicts, the impact of Artificial Intelligence on jobs, tariff wars, and other factors, many Indian immigrants are looking to transfer their savings back home, often investing in real estate. However, US President Donald Trump's decision to impose a 5% tax on international remittances sent by non-citizens is likely to significantly affect these investments.

Tax experts say the proposed levy under new Republican tax provisions aims to collect tax at source on remittances sent from the United States to foreign countries, potentially reducing the funds available for property purchases in India.

"While US citizens may claim credit for such amounts against their tax liabilities, non-citize...