DBS Bank India has launched DBS Aspire, a new banking proposition targeting the emerging affluent segment with a total relationship value o...

Foreign spending by Indians faces a tax anomaly. While forex and debit cards incur Tax Collected at Source (TCS) under LRS, international c...

Before travelling abroad, Indians face a complex choice, whether to opt for a forex card or a credit card. Debit cards are generally ruled ...

TCS on Foreign remittances: Budget 2023 raised TCS on most foreign remittances under LRS to 20%. The initial implementation was met with cr...

Income tax return: While filing your ITR make a note that banks are now reporting total forex spends as a separate category in addition to ...

Facing a cash crunch while travelling? BookMyForex app offers a solution — you can instantly load your forex card. Simply log in, select yo...

Budget 2024: The industry wants the Finance Ministry to reconsider the decision of applying TCS at such a higher rate of 20%. The rate is e...

Starting October 1, 2023, new tax collection at source (TCS) rates will affect various financial transactions, such as international travel...

Parents sending money for other living expenses will face the 20% TCS unless they can prove it is for educational purposes. To mitigate the...

TCS on forex payments: From October 1, 2023, forex cards will attract at 20% if the user loads over Rs 7 lakh on the card in a financial ye...

Starting from October 1, 2023, all overseas outward remittances, except for medical and educational purposes, over a threshold limit of Rs ...

Starting from July 1, 2023, a tax collected at sources (TCS) of 20 per cent will apply to overseas tour packages. If you are planning to ta...

Budget 2023 raised the Tax Collection at Source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5 per...

At present, foreign currency and prepaid forex cards up to Rs 7 lakh accessed through these RBI-authorised facilities for international tra...

The Ministry of Finance on Friday, May 19, clarified that no TCS will be levied on individual payments using international debit and credit...

Credit card spending in a foreign currency will now be a part of LRS's annual limit of $2,50,000 per person. Further, it will be subject to...

Interbank forex rates are the rates at which banks deal with each other for currency exchange and is considered the true foreign exchange r...