On the evening of June 28, the government said that it has decided to defer the…
Tag: Lok Raj Sangathan
Understanding the nuances of the recent amendments in TCS provisions
The Union Budget 2023 has increased the TCS rate on foreign remittances made under LRS from…
Tax officials don’t need TCS to catch thieves
RBI’s Liberalized Remittance Scheme (LRS) has seen a bit of drama of late. Firstly, the government…
International credit card users will have to pay TCS of 20%; Explanation of LRS limit and other details
Updated: May 19, 2023, 03:02 PM IST livemint Spending in foreign…
20% tax on credit card spends while traveling abroad
New Delhi: From July 1, 20% Tax Collected at Source (TCS) will be levied on foreign…
Your Credit Card Bill Could Go Up By 20%: Here’s How
The government has brought credit cards under the Liberalized Remittance Scheme (LRS) from July 1. Even…
How much money can parents send children abroad?
After independence, India had limited foreign exchange reserves. This changed after liberalisation, India strengthened its position…
Global Stocks: Small investors may have to bear the brunt of 20% TCS
Gurugram-based Prasad plans to invest 10 lakh in US tech stocks but now he is unsure.…
How the budget has changed taxation for NRIs and RNORs
The Finance Minister presented the Union Budget in Parliament on 1 February. While clamors from non-resident…