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International credit card spend exempted under RBI s remittance scheme within annual limit

Tax Collected at Source (TCS) for spending through international credit cards under RBI s Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the government clarified on Thursday.

Centre onTax collectedRemittance schemeFinance ministryLiberalised remittance schemeIbi sEws india

Here s what experts say about changes made in LRS for credit cards

Here s what experts say about changes made in LRS for credit cards
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New delhiAalok agrawalCentre onTax collectedRemittance schemeFinance ministryLiberalised remittance schemeReserve bankLiberalized remittance schemeDeloitte india

International credit card spend exempted under RBI s remittance scheme within annual limit

Tax Collected at Source (TCS) for spending through international credit cards under RBI Liberalised Remittance Scheme on overseas tour packages and any other

New delhiCentre onTax collectedRemittance schemeFinance ministryLiberalised remittance scheme

Here s what experts say about changes made in LRS for credit cards

Here s what experts say about changes made in LRS for credit cards
webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.

Aalok agrawalCentre onTax collectedRemittance schemeFinance ministryLiberalised remittance schemeReserve bankLiberalized remittance schemeDeloitte india

Credit Card Payments For Foreign Tours To Be Brought Under RBI s Liberalised Remittance Scheme

Credit card payments for foreign travel will be brought under the purview of the Liberalised Remittance Scheme (LRS) of the Reserve Bank, to ensure that such expenses do not escape TCS (Tax Collection at Source).

Nirmala sitharamanUnion budgetRemittance schemeTax collectedLiberalised remittance schemeReserve bankTax collectionFinance billLok sabhaFinance minister nirmala sitharamanForeign currency accountCredit cardTax collection at source

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