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Credit card & Debit card payment rules changed by finance ministry
According to the Finance Ministry, the goal of altering the FEMA law to include international credit card charges under the LRS programme is to bring tax features of payments...
There is big news, if you also pay with a credit card, RBI has made a new rule!
The Reserve Bank's Liberalised Remittance Scheme (LRS) now covers expenses incurred in foreign currency through payments made with international credit card. The Finance Ministry announced on Tuesday that expenses...