Banking

TCS rules on foreign tours, magazine subscriptions, iTunes, international equities… all doubts clarified

The government partially rolled back the 20% tax collected at source (TCS) rule for international spends on credit cards. Now, only those who spend more than Rs 7 lakh will come under the Liberalised Remittance Scheme and be subject to TCS.

Finmin's Rs 7-lakh relief to taxing foreign spends on credit cards can't resolve TCS crisis

International credit card spends are under LRS from May 16 and the 20 percent TCS will kick in from July 1, 2023. Until June 30, TCS at the rate of 5 percent will apply.

MC Explains | What to do with your Rs 2,000 currency notes?

The RBI has decided to withdraw the Rs 2,000 denomination banknotes from circulation. It encourages to deposit and/or exchange these banknotes on or before September 30, 2023.

Using credit card reward points for domestic travel: A guide

With the travel season on, it makes sense to use credit card reward points and airline loyalty programmes. The only limitation is lack of choice for travel within India

What is 100 Days 100 Pays campaign from RBI?

Why a down payment corpus is just as important when taking a home loan

Since there is a limit to the loan amount lenders can offer, home buyers will have to contribute 10-25% of the acquisition cost on their own. It is always better to invest early to build such a corpus. While doing so, there are certain dos and don’ts to be followed.

How to settle charges on forex prepaid card in rupee