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Will your international credit card spends come under liberalised remittance scheme soon? What you should know

India Business News: Indian banks are gearing up for changes in rules on international credit card spending under the liberalised remittance scheme (LRS). The Reserve Bank ....

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Former BharatPe MD Ashneer Grover criticises increased TCS rate on international credit card spending

The Ministry issued a fresh notification stating that spending in foreign currency through international credit cards would be covered under the Reserve Bank of India's liberalized remittance scheme (LRS). ....

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International credit card payments up to Rs 7 lakh will not attract TCS, clarifies Govt

The clarification comes days after the ministry's decision to bring international credit card spending under the RBI's liberalised remittance scheme and the consequent levy of 20 per cent TCS evoked sharp reactions from experts and stakeholders. ....

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