BUSINESS

1

[{"selector":"#anim-ea46493d-6bd3-4c6c-a8c9-bdd6f38186b8","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e4823c06-f03a-4274-b475-7a01e589e09c","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-93368d2c-f8db-4b4d-95f4-ac683272365d","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c7d5888-5392-4963-aff6-ab053d9837f8","keyframes":{"transform":["translate3d(0px, 162.56191%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

2

[{"selector":"#anim-5a101fd6-26ca-47e9-8199-fe19dee163e7","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2b3a0c28-248f-414c-8eb5-244e73f32b18","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-31cb45d9-507c-4504-a82c-3c33b65db6dc","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ad59291f-f6db-4fe7-b345-d7d9a57ae16e","keyframes":{"transform":["translate3d(0px, 205.82440%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

3

[{"selector":"#anim-e049b65f-7157-4359-b58e-c34756248e8e","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5edacfc6-adda-4489-8095-597788462ccf","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e681bfd4-c519-487d-b1c8-5357ebc6e51a","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-45b4e659-cbde-44b9-8a53-97c7deab21ea","keyframes":{"transform":["translate3d(0px, 162.56191%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

4

[{"selector":"#anim-93c73c32-db83-4be3-b95a-39ec8c9569b5","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2a568b63-90de-4434-916e-91587b517452","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bd7463ba-c6de-4659-8031-d49332941d02","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4b7c6ff2-b3e1-49a4-ae30-3ed5d014ce74","keyframes":{"transform":["translate3d(0px, 162.56191%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

5

[{"selector":"#anim-b5c5601d-f6c2-43dd-96f7-5d11a2e141cc","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5f43906b-b87c-4387-bb1b-2b6caf83d28e","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-964e9628-a637-4c99-94a7-3d984534956c","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2392cdda-fc87-4304-a268-8575585283ce","keyframes":{"transform":["translate3d(0px, 205.82440%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

6

[{"selector":"#anim-948bb89e-8788-4757-91e5-d5b7ac4891d4","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d66b0b13-15d8-40f8-82d5-4f9a92d9faec","keyframes":{"transform":["translate3d(0px, 819.51893%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d1f75d08-2feb-45bb-a697-f79a6c8d71f9","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7c34b30a-480e-4c19-b3ce-df3c37a280d7","keyframes":{"transform":["translate3d(0px, 181.63089%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-e866ba7a-9b55-4c63-a41a-e7bc6f4b88b0","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] New TCS on overseas credit card payments Read more about this here

[{"selector":"#anim-c8a50c78-fa24-4b0f-b8dd-172e513c6a97","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Click Here For more Business news click on the link below

BUSINESS

New TCS on overseas credit card payments

1

Tax on overseas spend

The Indian government will impose a 20% TCS on international credit card transactions from July 1, affecting frequent overseas spenders.

2

More expensive vacations

If you travel abroad and use your credit card to make payments, you have to pay an extra 20% to the original bill.

3

Products and service

The 20% TCS will apply to the purchase of products and services from overseas. Be it a musing streaming service from UK or a SaaS product from the US.

4

Tour packages

The government has also increased the TCS on overseas tour packages from 5% to 20%. It will be applicable regardless of the mode of payment.

5

TCS collection

The new TCS has to be paid upfront. The credit card-issuing bank will deposit the 20% TCS against the customer's PAN.

6

Education and medical expenses

TCS rate won't apply to education and medical expenses. However, remittances above Rs. 7 lakh for foreign education attract a TCS.