| We would like to update you that as per The Finance Act 2020, new Income Tax provisions have been introduced on all forex transactions under LRS (Liberalised Remittance Scheme) from 1st Oct'2020. |
| Here are the new provisions as per ‘The Finance Act, 2020’: |
Showing posts with label ATM. Show all posts
Showing posts with label ATM. Show all posts
Thursday, 30 April 2020
TCS applicable on all Forex Transactions under LRS wef 1st October 2020
Webtrickz.In
April 30, 2020
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Sunday, 8 September 2019
TDS rule on cash withdrawal wef 1st September 2019
Webtrickz.In
September 08, 2019
0
| We would like to update you about the new TDS Rule on Cash withdrawals as per amendment in the Income-tax Act. |
| A TDS of 2% on Cash Withdrawal will be applicable if |
Sunday, 25 August 2019
IVRS on Safe Digital Banking
Register your mobile number and email with your bank to get instant
alerts. If you get an alert about a transaction that you have not
initiated or authorised, you can immediately take it up with your bank.
Saturday, 10 August 2019
Use Debit & Credit Cards prudently – Avoid DCC Fee!
Paying excessive surcharge on international transactions?
Check if it's DCC
| While shopping overseas, has a merchant ever asked you if you would like to convert your Credit or Debit Card transaction from the local currency into your home currency or while withdrawing cash from an ATM, were you ever prompted to choose home currency over local currency? This is called Dynamic Currency Conversion (DCC). |
