New Delhi, Aug. 4 -- Several Indians are finding themselves in a tricky spot after using their credit cards to buy property in Dubai,reportedThe Economic Times. What seemed like an easy way is leading to legal and tax problems back home.

Some homebuyers either checked the payment links shared by Dubai-based builders or swiped credit cards when they were visiting Dubai. They found it hassle-free without any paperwork and no visits to the bank. And they believed they could circumvent paying 20 percenttax collected at source (TCS) on overseas remittances.

But what is unknown is thatcredit cards, even international ones, are meant only for current account transactions, such as hotel bookings, movies, or buying books, not for capital account...