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Planning an international trip? How 20% TCS from next month will impact your foreign travel plans

A new rule from 1 October 2023 levies a 20% tax on all transactions made abroad, increasing expenses for international travelers

Rikant pittieUnion budgetIncome taxArchit guptaTcs on foreign trips20 tcsHow 20 tcs from next month will impact your foreign travelWhat is tcs

Will the 20% TCS rule impact your trip abroad?

Dreading shelling out an additional 15% for your next overseas trip? Here s what the rule is all about and what to do instead. | Travel

Sneha chakrabortyRavisutanjani kumarRikant pittieForeign exchange management actFinance ministryTax collectedTax collection sourceDaily entertainment20 tcsInternational travel

20%TCS: TCS to increase by 4 times from July 1, 2023: Foreign investments, business trips, credit card spends— how it will impact you

Get ready to shell out more from next month as Budget 2023 has increased Tax Collection at Source (TCS) on foreign remittance through the Liberalised Remittance Scheme (LRS) to 20 per cent from the existing 5 per cent, except in certain cases. As it is going to impact your budget significantly, you must first understand how much TCS will be levied on which transaction. ET Wealth explains

Union governmentForeign exchange managementTax collectionLiberalised remittance schemeFrequently askedReserve bankIncome tax actForeign merchantsDynamic currency conversionTcs on foreign remittanceTax collected at sourceTcs on credit cardTcs on debit cardTcs on business tripsTcs on international tripsTcs full form

Effect of 20% TCS: Expedia to stop pay now option for foreign bookings

20% Tax Collected at Source (TCS): The online travel booking company said that it will do so 'given the complexity of complying to the changes' to the TCS rules which will come into effect on July 1

Nirmala sitharamanPay at hotelXpedia bookings20 tcsTax collected at sourceFdrs schemeCs rule changeOnline bookingOnline travel bookingAx collected sources in indiaAx collected at source rate

Decoding zero forex markup on debit, credit cards

At present, three credit cards are available that also waive markup fees, which typically range from 1.5% to 3.5%.

Sumanta mandalSwapnil bhaskarSudarshan motwaniEquitas small finance bankBank world safariReserve bankNiyo travelWorld safariForex markupDebit cardCredit card20 tcsZero forex cardForeign holidaysForex cardsZero forex markup

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