Trump Follows Travel Cancellation for Pelosi With Same for Davos Delegation

President Donald Trump canceled the U.S. delegation’s trip to the global economic summit in Davos hours after he denied House Speaker Nancy Pelosi a plane to visit U.S. troops in Afghanistan. “Out of consideration for the 800,000 great American workers not receiving payand to ensure his team can assist as needed, President Trump has canceled his Delegation’s trip to the World Economic Forum in Davos, Switzerland,” White House Press Secretary Sarah Sanders said Thursday in a statement. Treasury Secretary Steven Mnuchin was to lead the delegation, which was also to include Secretary of…

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Rules for filing income taxes broadly same for NRIs and residents

Photo: Pradeep Gaur/Mint I am based in Kenya and am selling a house in Hyderabad, which I had bought in 2007. How will long-term capital gains (LTCG) be taxed? —Sahil Gupta Sale of a capital asset such as a house results in capital gains. When a property has been held for more than 2 years, the gains are referred to as LTCG. Since you purchased this property in 2007, the gains shall be long term for you. The Income Tax Act has laid down the procedure for calculating long-term gains….

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