Will the Budget bring credit card international spends under TCS?
Thu, Feb 1, 2024 9:49 AM

Will the Budget bring credit card international spends under TCS?

A Flip by Shubhangi Gupta
Get it on Google Play
TCS on credit card international spends has been a hot topic lately. Last year, the government implemented a Rs 7-lakh spend threshold for TCS to apply on these transactions, but eventually exempted credit cards from TCS altogether. It is unlikely that this will change in Budget 2024, as experts believe the Rs 7 lakh yearly limit is sufficient for most individuals with foreign expenses.

More great flips

Sobha’s philanthropic arm to build homes for orphan girls, elderly women

Sobha’s philanthropic arm to build homes for orphan girls, elderly women

Sobha Group's philanthropic arm on Sunday laid the foundation stone for building homes for orphaned girls and elderly women here. Sri Kurumba Educational and Charitable Trust laid the foundation stone for Devi Home in Moolamcode, Palakkad, Sobha Group said. This is to provide a safe, nurturing housing facility for orphaned girls aged 10 years and below, and elderly women aged 50 years and above.

Open Flip
Leather exports likely to grow by over 12 pc to USD 5.3 bn this fiscal

Leather exports likely to grow by over 12 pc to USD 5.3 bn this fiscal

India's leather and footwear exports are expected to grow 12% to $5.3 billion in the current financial year, driven by strong demand in the US and UK, with African markets also being explored. The industry has a potential turnover of $47 billion by 2030, with the sector seeking government support and incentives to achieve this goal.

Open Flip
FTSE rejig: What stocks were moved?

FTSE rejig: What stocks were moved?

Bharti Hexacom and Go Digit General Insurance shares are the latest additions to the FTSE index, according to the latest readjustment which also saw an increase in weightage of heavyweight stocks like ICICI Bank, Bajaj Finance and Kotak Mahindra Bank. The FTSE indices readjustment will be effective Monday, December 23 and the adjustment took place on Friday, December 20.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon