Mr_Mediocre Posted June 28, 2023 Report Share Posted June 28, 2023 https://www.moneycontrol.com/news/business/economy/no-change-in-tcs-rates-up-to-rs-7-lakh-per-annum-finance-ministry-10875431.html Quote Link to comment Share on other sites More sharing options...
Mr_Mediocre Posted June 28, 2023 Report Share Posted June 28, 2023 https://www.pib.gov.in/PressReleaseIframePage.aspx?PRID=1936105 @Bird Bird Bird Quote Link to comment Share on other sites More sharing options...
Houndini Posted June 28, 2023 Report Share Posted June 28, 2023 22 minutes ago, KunjanPSD said: https://www.pib.gov.in/PressReleaseIframePage.aspx?PRID=1936105 @Bird Bird Bird Finally. Quote Link to comment Share on other sites More sharing options...
Mr_Mediocre Posted June 28, 2023 Report Share Posted June 28, 2023 7 minutes ago, Bird Bird Bird said: Finally. 7L is doable. But if your spends exceed 7L then 20% will still be hit. Manageable for work travel though. Quote Link to comment Share on other sites More sharing options...
Houndini Posted June 28, 2023 Report Share Posted June 28, 2023 2 minutes ago, KunjanPSD said: 7L is doable. But if your spends exceed 7L then 20% will still be hit. Manageable for work travel though. Problem is hitting that with work travel is easy and quick. So personal spends if total goes beyond 7L with still attract TCS. Better than the previous one though. Quote Link to comment Share on other sites More sharing options...
Mr_Mediocre Posted June 28, 2023 Report Share Posted June 28, 2023 4 minutes ago, Bird Bird Bird said: Problem is hitting that with work travel is easy and quick. So personal spends if total goes beyond 7L with still attract TCS. Better than the previous one though. Get CC in the name of parents or similar, use that. Quote Link to comment Share on other sites More sharing options...
Mr_Mediocre Posted June 28, 2023 Report Share Posted June 28, 2023 If I read word to word, 1 Oct is for the revised TCS rates to go live. No timeline for bringing CC under LRS. Quote Link to comment Share on other sites More sharing options...
Mr_Mediocre Posted June 28, 2023 Report Share Posted June 28, 2023 "This would mean that transactions through International Credit Cards while being *overseas* would not be counted as LRS and hence would not be subject to TCS" Emphasis on overseas. Do they mean even that CC txns done overseas will not be subjected to TCS anyway? I thought it meant that even though CC txns are considered overseas. But this is ambiguous. But this ambiguity is good for us. Quote Link to comment Share on other sites More sharing options...
Mr_Mediocre Posted June 28, 2023 Report Share Posted June 28, 2023 45 minutes ago, KunjanPSD said: If I read word to word, 1 Oct is for the revised TCS rates to go live. No timeline for bringing CC under LRS. Looks like this is it and could mean that CC remains out of LRS even after 1st Oct and even then overseas txns will not be counted as LRS. Good ambiguity. Quote Link to comment Share on other sites More sharing options...
dante77 Posted June 28, 2023 Report Share Posted June 28, 2023 4 hours ago, KunjanPSD said: Get CC in the name of parents or similar, use that. Is limit per card and not per pan? Quote Link to comment Share on other sites More sharing options...
Mr_Mediocre Posted June 29, 2023 Report Share Posted June 29, 2023 5 hours ago, dante77 said: Is limit per card and not per pan? Per pan. But that's what I meant, use CC which has been issued on your parent's PAN and name, then you will have a higher limit before TCS kicks in. But in all practicality, I don't see banks keep track of overall spend anytime soon, maybe just at bank level. That's why they have postponed it without any date. Quote Link to comment Share on other sites More sharing options...
dante77 Posted June 29, 2023 Report Share Posted June 29, 2023 27 minutes ago, KunjanPSD said: Per pan. But that's what I meant, use CC which has been issued on your parent's PAN and name, then you will have a higher limit before TCS kicks in. But in all practicality, I don't see banks keep track of overall spend anytime soon, maybe just at bank level. That's why they have postponed it without any date. Ohhh yeah, that's what you meant. Sorry, I got it now. Quote Link to comment Share on other sites More sharing options...
Mr_Mediocre Posted June 30, 2023 Report Share Posted June 30, 2023 Read the whole thread for clarification. Quote Link to comment Share on other sites More sharing options...
Houndini Posted June 30, 2023 Report Share Posted June 30, 2023 24 minutes ago, KunjanPSD said: Read the whole thread for clarification. What is defined as "International CC" ? Quote Link to comment Share on other sites More sharing options...
Mr_Mediocre Posted June 30, 2023 Report Share Posted June 30, 2023 8 minutes ago, Bird Bird Bird said: What is defined as "International CC" ? Just regular CC. It's just an old age term from the times when not all CCs were enabled for International transactions. They have maintained the same terminology all these years. 1 Quote Link to comment Share on other sites More sharing options...
harsh1387 Posted June 30, 2023 Report Share Posted June 30, 2023 Which is the best Rupay CC to apply for? I just applied for Axis Indian oil rupay card as it's lifetime free. Any other good options? Quote Link to comment Share on other sites More sharing options...
Houndini Posted July 1, 2023 Report Share Posted July 1, 2023 6 hours ago, harsh1387 said: Which is the best Rupay CC to apply for? I just applied for Axis Indian oil rupay card as it's lifetime free. Any other good options? I think Tata Neu Rupay gives good points if buying from partner stores. 1 Quote Link to comment Share on other sites More sharing options...
Mr_Mediocre Posted July 1, 2023 Report Share Posted July 1, 2023 2 hours ago, Bird Bird Bird said: I think Tata Neu Rupay gives good points if buying from partner stores. Best option. Quote Link to comment Share on other sites More sharing options...
harsh1387 Posted July 1, 2023 Report Share Posted July 1, 2023 3 hours ago, Bird Bird Bird said: I think Tata Neu Rupay gives good points if buying from partner stores. Already have a hdfc card. Will they issue another one? Quote Link to comment Share on other sites More sharing options...
Houndini Posted July 1, 2023 Report Share Posted July 1, 2023 6 minutes ago, harsh1387 said: Already have a hdfc card. Will they issue another one? Yes. I also have regalia and tata Neu. Quote Link to comment Share on other sites More sharing options...
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