A multi-month bear market has hit the valuations of India’s top 10 digital and technology services exporters. This and more in today’s ETte...

Indian IT stocks extended their decline for a fourth straight session as investors trimmed exposure amid weak growth visibility, muted clie...

Indian investors remain hesitant about overseas investing due to taxation complexities and operational ambiguity. Expert Himanshu Kohli adv...

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...

In August 2024, Indians spent $3.2 billion abroad, majorly on travel and education, despite a new 20% tax on remittances. Travel expenses a...

Remittances down 37% over September; shift to credit-card spending for international travel likely. In October, outward remittances under t...

The Indian government has clarified that remittances for education and medical treatment expenses will cover associated costs like internat...

RBI has in place measures to raise inward remittances, and a similar tightening of rules for outflow should suffice. Caution over conservin...

Banks and the Reserve Bank had flagged the difficulty in executing the TCS regime on credit cards to the government. The finance ministry o...

Indian banks are claiming that they do not yet have the requisite software to implement new rules relating to tax collection at source for ...

Overseas travel after the pandemic has risen to record highs and so has the foreign currency spends by Indians. The overall foreign currenc...

The government's decision to include international credit card spends of individuals when they travel overseas under the overall Liberalize...

The ministry said since credit card spending overseas has now been brought under LRS, such remittances would be liable to tax collected at ...

The Finance Ministry has clarified that foreign currency payments such as digital subscriptions to publications or goods bought on foreign ...

Travel industry insiders, already reeling under the impact of the government’s move to hike TCS to 20 per cent on overseas tour packages, s...

Also, 20 per cent TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out of India under the Liberalised Remittance...