Credit card payments outside India are to be taxed at 20% from July-1

Credit card payments outside India to be taxed at 20% from July 1-Taxpuram

Effective July 1, credit card payments made outside India will be subject to a 20% tax, aiming to boost domestic spending and curb foreign currency outflows.
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This new taxation policy aims to encourage local transactions and support the growth of the domestic economy. It is important for individuals and businesses to be aware of this change and plan accordingly for their international transactions.

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