Blog About Us

Tax on foreign card spends: A bolt from the blue

The government has brought credit cards under the Liberalised Remittance Scheme (LRS) from 1 July. Even a dollar of foreign spending will attract a 20% tax — a departure from the current 5% tax on spending of over ₹7 lakh (credit cards excluded). Mint's Neil Borate explains in this episode. This episode is being hosted by Prasid Banerjee.
402 Episodes
10 Nov 2024
08 Jun 10 MINS
10 Nov 2024
01 Jun 7 MINS
1 38 39 40 41