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Tax on foreign card spends: A bolt from the blue

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Manage episode 363762343 series 3353754
Content provided by HT Smartcast and Mint - HT Smartcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by HT Smartcast and Mint - HT Smartcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
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.
  continue reading

359 episodes

Artwork
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Manage episode 363762343 series 3353754
Content provided by HT Smartcast and Mint - HT Smartcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by HT Smartcast and Mint - HT Smartcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
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.
  continue reading

359 episodes

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