Foreign spending by Indians faces a tax anomaly. While forex and debit cards incur Tax Collected at Source (TCS) under LRS, international credit card spending remains exempt, creating a regulatory ...

Most startup founders that Inc42 spoke with believe that the 20% TCS regime on credit card spending will have a short-term impact, however, highlighted a lack of clarity as the major issue The Souled ...

MOSCOW, Dec 9 (Reuters) - Russian consumer credit firm TCS said third-quarter net profit rose 22 percent year-on-year, driven by growth in net interest income as its credit card lending rose. TCS, ...

The finance ministry has shelved its plan to bring international credit card spending under the ambit of liberalised remittance scheme and charge tax collected at source The government has also ...