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Foreign Travel Gets Dearer: TCS on Credit Card Transactions Explained

BankBazaar

Don’t leave without knowing the new TCS rule applicable on Credit Cards, forex cards, debit card transactions, and currency purchases. There is some unfortunate news for travellers who use international Credit Cards while abroad. The only exception was Credit Cards. attracted a TCS.

Cards 78
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How to Cash in U.S. Savings Bonds and Report Taxes on Interest Earned

MyBankTracker

That is, it can feel like a windfall of cash – until, that is, you realize you need to report taxes on the interest earned. Still, while the tax part may not be loads of fun, it’s always nice to end up with some unexpected cash. savings bonds that were issued on paper or electronically, and how to report it on your taxes.

Taxes 52
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Mexico’s B2B Payments Opportunity As A Global eInvoice Leader

PYMNTS

Mexico’s eInvoicing requirements began back in 2004, when its tax authority, the SAT, first developed its eInvoicing legal framework. At present, the integration supports card payments on invoices sent via the eFactura portal, although Chahal emphasized the importance of supporting bank transfers in Mexico as well.

Payments 144
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Let’s take a look at the difference between PPF and NPS

BankBazaar

When launched in January 2004, it was exclusively meant for government employees. It is a risk-free scheme as the returns on invested sum are completely tax exempted. PPF is an efficient tax-saving investment, offering tax deduction under Section 80C. What is NPS? You can invest a maximum amount of Rs 1.5

Taxes 79
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A Decline in Personal Savings

TrustBank

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. From 1990-2004, US home ownership rose 7.45% to 69.2% Revolving Credit (Credit Cards & Personal Lines of Credit): While home ownership grew, revolving credit exploded.

US 52
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Guest Post: Financial Markets and Economic Update - First Quarter 2024

Jeff For Banks

Trillions of dollars of subsidies on “green” BS projects, electric vehicles no one wants, tax credits, debt forgiveness, and free money all fuel demand and contribute to inflation. Credit card and auto delinquencies have risen above pre-pandemic levels. Dorothy recently retired from Penn Community Bank where she worked since 2004.

Marketing 146
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Avalara Raises $96 Million in New Funding

Fintech Labs Insights

Avalara , an innovator in automated tax management for small businesses, raised $96 million in new funding from a group of investors including Warburg Pincus, Sageview Capital, and Technology Crossover Ventures this week. Avalara calculates $100 million in taxes daily, and remitted $14.4 billion in taxes in 2015.

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