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EXPENDITURE ON OVERSEAS EDUCATION
India Inc. is profitable. So why isn’t it investing?Indian companies are making record profits, but they are not investing in new factories or infrastructure. This is creating fewer jobs and ...- Investing abroad? These 7 costly mistakes could trigger an income tax noticeWealthy Indians are investing more abroad. However, they must understand the rules to avoid trouble. Mistakes like misusing investment rout...
- Is India's economic growth real? Raghuram Rajan says something is offFormer RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign...
- Marcellus launches global equities fund in GIFT City, targets AI, defence and luxury themesMarcellus Investment Managers has launched a global equities fund through GIFT City, offering Indian investors access to overseas stocks. T...
- Overseas travel spending by Indians falls to $1.09 billion in MarchIndians’ spending on overseas travel fell to USD 1.09 billion in March from USD 1.3 billion in February, according to RBI data on outward r...
- 'Hospital infra isn't sole determinant of better care, outcomes also matter,' says Max Healthcare ChairmanMax Healthcare has significantly increased its bed capacity to 6,500 with a new Saket facility. This expansion targets both domestic patien...
- Outward remittances under LRS rise 8% in April 2025, led by travel spendingOutward remittances under LRS saw an 8% increase, reaching $2.5 billion in April 2025, driven by a surge in international travel spending, ...
- Indians spend $3.2 billion overseas in August, driven by travel and educationIn August 2024, Indians spent $3.2 billion abroad, majorly on travel and education, despite a new 20% tax on remittances. Travel expenses a...
- Residents can open foreign currency a/cs at GIFT City under LRSResident Indians can now open foreign currency accounts (FCAs) at Gift City under the liberalized remittances scheme (LRS) for a wider rang...
- Indians break records with $31.7 billion overseas spending in FY24; international travel biggest expenseThe Liberalised Remittance Scheme (LRS) witnessed Indians spending a record $31.7 billion overseas in FY24, up 17% from the previous year, ...
- Govt clarifies how TCS will be applicable on flight tickets, hotel bookings during international trips, hostel expenses, other foreign remittancesEarlier this week, the ministry said that there will be TCS on foreign remittances of up to Rs 7 lakh per financial year. Further, it also ...
- TCS applicable on international remittance for education, medical treatmentThe Indian government has clarified that remittances for education and medical treatment expenses will cover associated costs like internat...
- Credit card spends in foreign currency to attract 20% TCSThe Finance Ministry has clarified that foreign currency payments such as digital subscriptions to publications or goods bought on foreign ...
- Spending on overseas travel, education records a 60% surgeTravel industry experts say that Indians are spending more on foreign travel than before.
- India ranked cheapest for international students: StudyThe study was carried out by HSBC's Retail Banking and Wealth Management business, drawing on publicly available sources including universi...
- India least expensive for foreign education, Australia costliest: HSBCIndian education costs are the least among 15 countries surveyed and the costs are lesser than those in Turkey, China and Mexico.
- Institutes giving foreign degrees under tax scannerIndian institutes offering foreign degrees in collaboration with institutes overseas are under taxmen's lens.
- Overseas Indian citizens may enjoy same NRI benefitsThe govt is considering to bring parity between Overseas Indian Citizens and NRIs in admission and scholarship programmes in India. Importa...
- House panel moots education taxesThe government has been asked by a parliamentary panel to consider the possibility of levying an ‘exit tax’ on graduates from the “premier ...
- Dads can't claim tax sops on sons' foreign studiesIn a major setback to those who spend on the overseas education of their children and claim tax deduction by classifying them as business e...
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