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2 mins read

Some relief for Indians travelling abroad – credit card payments will not attract TCS

On Wednesday, the Indian government announced that spending through international credit cards abro…

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3 mins read

Credit card now under LRS ambit – 20% TCS to be charged on spends using international credit cards

The Central government has amended the rules under the Foreign Exchange Management Act to bring cre…

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2 mins read

Credit card payments on foreign tours to be brought under LRS to ensure compliance with TCS

Credit card payments for foreign travel will be brought under the purview of the Liberalised Remitt…

PTI   


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6 mins read

New TCS regulations may pinch your wallet while travelling abroad. Here’s how you can minimise the impact

A threshold relaxation of ₹7 lakh per financial year from TCS has been given only for overseas spen…

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2 mins read

Travel agents body calls for abolishing TCS ahead of its implementation from Oct 1

In a letter to the FM, TAAI President Jyoti Mayal said the TCS is a huge challenge for the tr…

PTI   


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1 min read

Finance Bill passed in Lok Sabha amid opposition protest

The Lok Sabha on Friday passed the Finance Bill 2023 without any discussion through voice vote, ami…