Posted inNational New Delhi to impose 20% tax on overseas credit card expenses of Indians from July 1, with lower rates for education and medical treatment-related visits, clarifies finance ministry. The credit card issuer will collect the tax when the bill is settled in rupees and can be adjusted against the cardholder’s tax liability when paying taxes. The inclusion of overseas use of credit cards within the purview of the Reserve Bank of India’s liberalized remittance scheme is effective from 16 May. Currently, the TCS rates range from 0.5% to 5%. by Delhi Digital Desk May 19, 2023
Posted inNational “Managing Risks and Challenges When Taking a Home Loan: Expert Advice” by Delhi Digital Desk May 19, 2023
Posted inNational Investing in International Equities: A Pragmatic Approach to Funding Education Abroad by Delhi Digital Desk May 18, 2023
Posted inNational Kiren Rijiju’s Controversial Stint as India’s Law Minister by Delhi Digital Desk May 18, 2023
Posted inNational Understanding the new 20% tax on foreign spending under the Liberalized Remittance Scheme (LRS) by Delhi Digital Desk May 18, 2023
Posted inNational Rural Electrification Corporation aims for INR 2.4 lakh crore loan book under renewable energy portfolio by 2030 by Delhi Digital Desk May 18, 2023
Posted inNational Union Minister Nitin Gadkari stresses need for expanded opportunities in infrastructure sector by Delhi Digital Desk May 18, 2023
Posted inNational The Tug-of-War Between Humans and Machines in the Stock Market: Lessons Learned from the Rise and Fall of Quantitative Investing and Machine Learning by Delhi Digital Desk May 18, 2023
Posted inNational Axis Bank adjusts interest rates for fixed deposits under 2 Cr, offers up to 7.10% for 13-month to 2-year deposits by Delhi Digital Desk May 18, 2023
Posted inNational New Rule for International Credit Card Users: Foreign Exchange Spending Covered Under RBI’s LRS Scheme, 20% TCS Applicable from July 1st by Delhi Digital Desk May 18, 2023
