TBM Staff - Mumbai
The Ministry of Finance said overseas spending using international credit cards will not be included under the Liberalised Remittance Scheme (LRS) and hence, would not attract TCS. Also, the implementation of a higher rate of
TBM Staff - Mumbai
Spending in foreign exchange through international credit cards will be covered under the RBI's liberalised remittance scheme (LRS), under which a resident can remit money abroad up to a maximum of USD 2.50 lakh per
TBM Staff - Mumbai
According to a report in The Business Standard, the momentum in credit card spends continued in January, with spends topping INR 1 trillion for the 11th month in a row due to a rise in
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