Relief for Foreign Travellers! No TCS on international credit card spends for now
Zee Business Video Team | Updated: June 29, 2023 05:39 PM IST
The Government has announced that there will be no change in the Tax Collection at Source (TCS) rate for all purposes under the Liberalised Remittance Scheme (LRS) and for overseas travel tour packages, regardless of the mode of payment. This applies to amounts up to Rs 7 lakh per individual per year.
