The Union Finance Ministry on Thursday (29 June) said that credit card usage outside India will not be included under the Liberalised Remittance Scheme (LRS) and hence, would not attract TCS. Further, the implementation of a higher rate of TCS of 20 per cent on overseas remittances under LRS, like…Read More
Credit Card Usage Abroad Wont Attract Tax Collected At Source Increased TCS Rates To Apply From 1 October Govt
