Starting October 1, 2023, new tax collection at source (TCS) rates will affect various financial transactions, such as international travel, investments in foreign assets, and educational expenses abroad. Under the Liberalised Remittance Scheme (LRS), individuals can remit up to $250,000 in a financial year.
Chnages include the new TCS (tax collected at source) rule, special FD deadlines, new debit card rule and more. Here is a list of 7 money changes in October 2023.