Tag - RBI

Changes in FEMA rules to bring parity in treatment of overseas spending via debit, credit cards

New Delhi, May 18 (PTI) The finance ministry on Thursday said the changes in FEMA rules, which brings overseas international credit card spending under RBI's liberalised remittance scheme (LRS), are intended to bring in parity in tax treatment of remittances using debit and credit cards. The ministry said since credit card spending overseas has now been...

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