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> Indian Government also imposed 20% tax on international purchased made through credit cards by Indians. They can apply for tax claim when they submit their in
by jeswin 3y ago
> Indian Government also imposed 20% tax on international purchased made through credit cards by Indians. They can apply for tax claim when they submit their income tax return but that is after the end of financial year.
Adding some details. It's been revised to apply only to foreign transactions above 700k INR a year, which exempts the vast majority of people. I agree it's not great for those who spend above 700k INR abroad; but then again you get it back at the end of the year.