You Searched For "lrs" and got 15 results
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2 mins read
Some relief for Indians travelling abroad – credit card payments will not attract TCS
On Wednesday, the Indian government announced that spending through international credit cards abro…
3 mins read
Credit card now under LRS ambit – 20% TCS to be charged on spends using international credit cards
The Central government has amended the rules under the Foreign Exchange Management Act to bring cre…
2 mins read
Credit card payments on foreign tours to be brought under LRS to ensure compliance with TCS
Credit card payments for foreign travel will be brought under the purview of the Liberalised Remitt…
PTI
3 mins read
Budget 2023 proposes 20% TCS on foreign expenses under LRS
Overseas education and medical treatment: For both overseas education and medical treatment, t…
1 min read
Majority of Indians named in Panama Papers Leaks may have used a legal route to have offshore assets
The LRS also allows buying immovable property, investment in equity and debt, and donations and gif…
1 min read
RBI to allow opening of rupee account outside India
The RBI said it has finalised a strategic action plan for 2024-25 and envisaged liberalisation …
PTI
6 mins read
New TCS regulations may pinch your wallet while travelling abroad. Here’s how you can minimise the impact
A threshold relaxation of ₹7 lakh per financial year from TCS has been given only for overseas spen…
4 mins read
20% tax on foreign remittances make foreign investments unviable for retail investors
Budget announcement of 20% tax on foreign investments to make investments in the US markets less ap…
1 min read
Finance Bill passed in Lok Sabha amid opposition protest
The Lok Sabha on Friday passed the Finance Bill 2023 without any discussion through voice vote, ami…
2 mins read
Travel agents body calls for abolishing TCS ahead of its implementation from Oct 1
In a letter to the FM, TAAI President Jyoti Mayal said the TCS is a huge challenge for the tr…
PTI
3 mins read
Former IDBI GM conspired with Vijay Mallya over short term loan to Kingfisher Airlines: CBI
A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya for sanction and disb…
PTI
4 mins read
The Indian rich is buying property in Dubai – Tax benefits to rental yields, the driving forces at play
After the COVID pandemic got over, the real estate market has been going from strength to strength …
2 mins read
Budget proposes hike in TCS on overseas travel, fund remittances out of India to 20%
Also, 20 per cent TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out o…
PTI
2 mins read
Delta will start offering free Wi-Fi on its planes this year
Delta's new service starts February 1, though only for members of its loyalty program.
Taylor Rains
1 min read
The dirty, dangerous job US airmen do to ensure U-2 pilots can breathe at 70,000 feet
"Pilots rely on us to make sure they can breathe while wearing their suit," said Senior Airman Core…