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Finmin's Rs 7-lakh relief to taxing foreign spends on credit cards can't resolve TCS crisis - Moneycontrol
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5/20/23 at 3:04pm
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Moneycontrol
Author
Preeti Kulkarni
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International credit card spends are under LRS from May 16 and the 20 percent TCS will kick in from July 1, 2023. Until June 30, TCS at the rate of 5 percent will apply.
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https://www.moneycontrol.com/news/business/personal-finance/tcs-of-20-on-international-spends-credit-cards-under-lrs-finmins-rs-7-lakh-relaxation-a-relief-but-confusion-far-from-over-10629941.html
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