Tax Collected at Source
As the 20% TCS on international remittances is set to take effect, we unwrap its enigma here
New update on 20% TCS by Finance Ministry on foreign spending via cards payments
No TCS on international credit, debit cards payments up to Rs 7 lakh
To broaden the revenue base, Income Tax Department to concentrate on high spenders
Credit card payments on foreign tours to be brought under LRS to ensure compliance with TCS