Search For "remittance"
Increased tax on overseas spending under remittance scheme to be effective
Updated : 2 years, 8 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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Pakistan loses USD 7.15 billion due to shrinking exports, remittances
Updated : 2 years, 8 months ago IST
The Pakistan government despite missing out on targets for the outgoing fiscal year, fixed higher exports and remittances projections for FY24.
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IndusInd Bank partners with Wise on multi-partner Indus Fast Remit platfor
Updated : 2 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 16: IndusInd Bank has today announced its partnership with Wise, the global technology company specializing in moving and managing money around the world, to offer online inward remittance services to Non Resident Indians (NRIs) residing in US and Singapore
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ED issues show-cause notices to Xiaomi, three banks for FEMA violation
Updated : 2 years, 9 months ago IST
The Adjudicating Authority has issued show cause notices to Xiaomi Technology India Private Limited, its officials and three banks under section 16 of the Foreign Exchange Management Act on the basis of a complaint filed by the Enforcement Directorate (ED) with respect to illegal remittances
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Get IndusInd Bank Outward Remittance Services Now Through Bajaj Markets
Updated : 2 years, 9 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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Foreign Exchange Industry calls for clarity on proposed 20 per cent TCS: S
Updated : 2 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 25: The foreign exchange Industry has expressed serious concerns about the applicability of 20 per cent Tax Collection at Source (TCS) under the Liberalized Remittance Scheme (LRS) effective from July 1, 2023. On 19th May, 2023, Ministry of Finance clarif
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Priyanka Chaturvedi urges Nirmala Sitharaman to scrap TCS, bring clarity o
Updated : 2 years, 9 months 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 : 2 years, 9 months 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 : 2 years, 10 months 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 : 2 years, 10 months 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 : 2 years, 10 months 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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Payoneer collaborates with Zoho to provide a seamless payment experience t
Updated : 2 years, 10 months ago IST
Bengaluru (Karnataka) [India], April 20 (ANI/NewsVoir): Payoneer (NASDAQ: PAYO), the financial technology company empowering the world's small and medium-sized businesses to transact, do business and grow globally, today announced its collaboration with Zoho, a leading global technology comp
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