New Delhi, July 5 -- Several provisions in Donald Trump's 'One Big, Beautiful Act' raise taxes on immigrants. That includes a new 1 percent tax on transfers of money to foreign countries like India, known as remittances. Many immigrants in the US send money to relatives in their countries of origin.

As per the 'One Big, Beautiful Act', signed by Trump on Friday during a July 4 White House picnic, migrants and others who send money abroad would be taxed at 1 percent of the amount of the transfer.

The Act states: "There is hereby imposed on any remittance transfer a tax equal to 1 per cent of the amount of such transfer. The tax imposed by this section. shall be paid by the sender."

As per the rule, the tax will apply to transfers made v...