Tag: foreign exchange spending

Earlier, the usage of international credit cards (ICCs) for making payments for fulfilling expenses during travel outside India was not included in the LRS limit.(Representative image)
Posted in Business

Credit card spends outside India will attract 20% TCS: How users may be impacted

Spending in foreign exchange through international credit cards will be covered under the Reserve Bank of India’s liberalised remittance scheme (LRS), under which a resident…

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