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Online Games With Wagering on Outcomes Taxed at 28% GST, Other Online Games at 18%

India's Revenue Secretary said games of skill or chance involving wagering on outcomes will be taxed at 28% under India's GST regime. ....

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International Credit Card Spends Excluded from Remittance Scheme: Finance Ministry

Finance ministry amends foreign exchange rules to exclude international credit card spends from the liberalised remittance scheme (LRS). ....

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Higher EPS pension, TCS on foreign remittances, SBI special FDs: 4 deadlines that have been extended; check new dates

Here are the deadlines that have been extended and their new dates. Individuals should make sure to finish the tasks to avoid any last moment issues. ....

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tcs: Progressive rethink on the TCS front - The Economic Times

RBI has in place measures to raise inward remittances, and a similar tightening of rules for outflow should suffice. Caution over conserving foreign exchange is also guided by India s outperformance among emerging economies that has driven its equity markets to new highs. ....

Reserve Bank , Reserve Bank Of India , Tax Collection At Source ,

Tax hike on international transactions to come into effect from Oct 1

New TCS rule: No change in rate of TCS for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment, for amounts up to Rs 7 lakh per individual per annum ....

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