CBN abolishes Naira4Dollar, RT200 rebate schemes
The Central Bank of Nigeria (CBN) has announced the cessation of the RT200 rebate scheme and the Naira4Dollar remittance scheme, with effect from June 30.
Source: thecable.ng
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Holidays booked with foreign tour operators escape 20% TCS, but Indian tour operators must collect this tax
The 20% Tax Collected at Source (TCS) rule for overseas tour packages seems to have a loophole. Booking such a package with an Indian tour operator attracts TCS right away. With a foreign tour operator, you can escape TCS until international payments on your credit card cross Rs 7 lakh a year.
Source: moneycontrol.com
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Source: moneycontrol.com
Priyanka Chaturvedi urges Nirmala Sitharaman to scrap TCS, bring clarity on exemptions
Amid the ongoing uncertainty on the issue of imposed Tax Collected at Source (TCS) on the usage of international debit or credit cards during foreign travel, Rajya Sabha member Priyanka Chaturvedi wrote a letter to the Union Finance Minister Nirmala Sitharaman to consider scrapping or minimising such taxes as well as bringing some clarity on the exemption limits that were announced.
Source: webindia123.com
Priyanka Chaturvedi urges Nirmala Sitharaman to scrap TCS, bring clarity on exemptions
Amid the ongoing uncertainty on the issue of imposed Tax Collected at Source (TCS) on the usage of international debit or credit cards during foreign travel, Ra
Source: northernirelandnews.com