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'Increase penalties, act quickly': Zerodha's Nithin Kamath's formula to curb income tax evasion - Vimarsana News

'Increase penalties, act quickly': Zerodha's Nithin Kamath's formula to curb income tax evasion

Kamath also said that those who want to evade taxes or break rules will always find loopholes.

Govt. Brings International Credit Card Spending Under LRS, 20% TCS Payable - Vimarsana News

Govt. Brings International Credit Card Spending Under LRS, 20% TCS Payable

By including credit card transactions in the $250,000 Liberalized Remittance Scheme (LRS) limit, the government has moved to amend the Foreign Exchange Management (Current Account Transaction) Rules...

Source: livelaw.in
Govt Exempts TCS On Overseas Spending Up To Rs 7 Lakh Via Debit, Credit Cards - Vimarsana News

Govt Exempts TCS On Overseas Spending Up To Rs 7 Lakh Via Debit, Credit Cards

The Finance Ministry said the changes were necessitated as some instances have come to notice where the payments were

Source: india.com
Here's what experts say about changes made in LRS for credit cards - Vimarsana News

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

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

Business News | Here's What Experts Say About Changes Made in LRS for Credit Cards - Vimarsana News

Business News | Here's What Experts Say About Changes Made in LRS for Credit Cards

Get latest articles and stories on Business at LatestLY. 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. Business News | Here's What Experts Say About Changes Made in LRS for Credit Cards.