{"version":"1.0","provider_name":"AKT Associates","provider_url":"https:\/\/aktassociates.com\/blog","author_name":"CA Arun Tiwari","author_url":"https:\/\/aktassociates.com\/blog\/author\/arunsir\/","title":"Understanding the Implications of the 20% TCS on International Credit Card Spending","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"Q5AnHe5MZm\"><a href=\"https:\/\/aktassociates.com\/blog\/20-tcs-on-international-credit-card-spending\/\">Understanding the Implications of the 20% TCS on International Credit Card Spending<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/aktassociates.com\/blog\/20-tcs-on-international-credit-card-spending\/embed\/#?secret=Q5AnHe5MZm\" width=\"600\" height=\"338\" title=\"&#8220;Understanding the Implications of the 20% TCS on International Credit Card Spending&#8221; &#8212; AKT Associates\" data-secret=\"Q5AnHe5MZm\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n<\/script>\n","thumbnail_url":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/06\/20-TCS-on-International-Credit-Card.png","thumbnail_width":500,"thumbnail_height":300,"description":"This article provides a comprehensive understanding of the implications of a 20% tax collection at source (TCS) on international credit card spending. It explores the rationale behind the TCS, its impact on individuals in terms of increased transaction costs, compliance requirements, and cash flow management. The article also discusses the potential effects on tourism and business travel. Additionally, it highlights the implications for the economy, including revenue generation, balance of payments, and domestic consumption. Overall, the article aims to shed light on the dynamics of this tax measure and its consequences for individuals and the economy."}