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Credit Card Usage Abroad Won t Attract Tax Collected At Source, Increased TCS Rates To Apply From 1 October: Govt

Credit Card Usage Abroad Won t Attract Tax Collected At Source, Increased TCS Rates To Apply From 1 October: Govt
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Foreign exchange management current account transactions amendmentUnion finance ministry onUnion finance ministryLiberalised remittance schemeFinance billFinance ministryForeign exchange managementCurrent account transactions

Implementation of increased tax on credit card payments on foreign tours postponed amid outcry [details]

The Finance Ministry on Wednesday said that there will be no change in tax collection at source (TCS) for all purposes under the liberalised remittance scheme (LRS) for overseas travel tour packages, regardless of the mode of payment, for amounts up to Rs 7 lakh per individual per annum.

Rahul gandhiForeign exchange management current account transactions amendmentMinistry onFinance ministryForeign exchange managementCurrent account transactions

Studying Abroad? Now, pay IFSC foreign university fees under LRS

Studying Abroad? Now, pay IFSC foreign university fees under LRS
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Rachit sharmaForeign exchange management current account transactionsInternational financial services centres ifscsForeign universityRemittances to international financial services centres ifscsInternational financial services centresLiberalised remittance schemeLiberalized remittance schemeFinancial managementRemittance schemeForeign exchange managementCurrent account transactionsAuthorised personsGift cityCircular datedReserve bank

Tax Alert! Increased TCS rates to apply from 1st October, 2023

Tax Alert! Increased TCS rates to apply from 1st October, 2023
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Sandeep jhunjhunwalaInternational credit cardsForeign exchange management current account transactions amendmentPartner at nangia andersenTax collectionLiberalised remittance schemeIncome tax actFinance actForeign exchange managementCurrent account transactionsPress releaseFrequently asked questionsNangia andersenFinance bill

Govt postpones implementation of increased tax on credit card payments on foreign tours

The Finance Ministry on Wednesday said that there will be no change in tax collection at source (TCS) for all purposes under the liberalised remittance scheme (LRS) for overseas travel tour packages, regardless of the mode of payment, for .

New delhiMinistry onForeign exchange management current account transactions amendmentFinance ministryForeign exchange managementCurrent account transactions