20% TCS

After the Centre announced that an increased Tax Collected at Source (TCS) rate of 20 per cent will be imposed on international credit card spending, former BharatPe MD Ashneer Grover slammed the new notification. Taking a jibe at the…

Representational file image. Spending in foreign exchange through international credit cards will be covered under the RBI's liberalised remittance scheme (LRS), under which a resident can remit money abroad up to a maximum of $2.50 lakh…