Search For "liberalised remittance scheme"
Increased tax on overseas spending under remittance scheme to be effective
Updated : 2 years, 10 months ago IST
The proposed increase in Tax Collected at Source rates which was to come into effect from July 1, will now apply from October 1, 2023.q
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Get IndusInd Bank Outward Remittance Services Now Through Bajaj Markets
Updated : 2 years, 11 months ago IST
Pune (Maharashtra) [India], May 29: Bajaj Markets, a subsidiary of Bajaj Finserv, in partnership with the IndusInd Bank, now offers access to the IndusInd Bank Outward Remittances service. The Liberalised Remittance Scheme (LRS) facility allows individuals to send money abroad.
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Priyanka Chaturvedi urges Nirmala Sitharaman to scrap TCS, bring clarity o
Updated : 3 years ago IST
Amid the ongoing uncertainty on the issue of imposed Tax Collected at Source on the usage of international debit or credit cards during foreign travel, Rajya Sabha member Priyanka Chaturvedi wrote a letter to the Union finance minister Nirmala Sitharaman to consider scrapping or minimising s
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TCS for international card spend exempted under RBI's remittance scheme up
Updated : 3 years ago IST
The Ministry of Finance on Friday said it decided that any payments by an individual using their international debit or credit cards upto Rs seven lakh per financial year will be excluded from the RBI's Liberalised Remittance Scheme (LRS) limits and hence, will not attract any Tax Collected
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Here's what experts say about changes made in LRS for credit cards
Updated : 3 years ago IST
Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the governme
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International credit card spend exempted under RBI's remittance scheme wit
Updated : 3 years ago IST
The Centre on Tuesday brought international credit card spending outside India under the Liberalised Remittance Scheme (LRS) and issued an explainer on Wednesday to clear any confusion
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20 pc tax to be collected at source from July under remittance scheme for
Updated : 3 years ago IST
Tax Collected at Source (TCS) under Liberalised Remittance Scheme for the sale of overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) through the usage of international credit cards is set to rise from this July
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RBI partially relaxes remittance transaction restrictions on SBM Bank (Ind
Updated : 3 years, 3 months ago IST
The RBI said the relaxation came after the bank initiated corrective actions and made a submission for relaxation of the restrictions.
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RBI directs SBM Bank (India) to immediately stop remittance transactions
Updated : 3 years, 3 months ago IST
The Reserve Bank of India has directed SBM Bank (India) Ltd to stop all transactions under Liberalised Remittance Scheme (LRS) with immediate effect.
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Priyanka Gandhi attacks BJP govt, on Indian investors losing confidence in
Updated : 6 years, 8 months ago IST
New Delhi [India], Sept 19 (ANI): Attacking the Modi government on the state of economy, Congress General Secretary Priyanka Gandhi Vadra on Thursday asked what policies have caused Indian investors to lose their confidence.
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