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TCS ON FOREIGN TRIPS
Indian travellers worry more about forex costs than visa queues: ReportIndian travellers are set to spend more overseas following a tax reduction. However, managing travel budgets is their biggest worry. Many s...- Dollar pressure, PM’s appeal may shift Indian tourists towards domestic travel: Atul ThakkarIndian outbound travel may see a temporary slowdown due to rising currency pressures and recent government remarks, prompting travellers to...
- Sensex slips 100 pts, Nifty below 24,100 as fading peace hopes and surging oil prices spook investorsIndian stock markets, Sensex and Nifty, saw a dip on Tuesday. This followed a strong performance the previous day. Investor sentiment was a...
- Sensex jumps 639 pts, Nifty ends above 24,050 to snap 3-day losing run. What drove the rally?Indian markets surged on Monday, ending a losing streak. Investor sentiment improved following reports of Iran sending a peace proposal to ...
- More funds for international trips as Union Budget boosts TCS limit for foreign remittancesThe rise in the Tax Collection at Source (TCS) exemption limit on foreign remittances from Rs 7 lakh to Rs 10 lakh will provide extra funds...
- Will Budget 2024 reduce 20% TCS for taxpayers, levy TCS on credit card forex payments?Budget 2024: The industry wants the Finance Ministry to reconsider the decision of applying TCS at such a higher rate of 20%. The rate is e...
- Debit card or credit card: Which one should you use on international trip to save on forex, ATM charges, TCS?Debit card vs credit card: The first thing to keep in mind is that using a debit card means spending the money in your account. Credit card...
- New 20% TCS rule from October 1, 2023: 4 tips to bring down TCS to zero during your next international trip20% TCS on overseas tour package: When you book, offline or online, overseas tour packages, offline or online, of more than Rs 7 lakh in a ...
- New 20% TCS from October 1, 2023: Be ready for a cash crunch if you invest in international stocks, cryptocurrency; how to reduce TCS impactTCS on foreign remittances from October 1, 2023: The Budget 2023 hiked TCS on foreign remittances of more than Rs 7 lakh through the LRS to...
- 20% TCS from October 1, 2023: How a forex card could save you more than a credit card during international tripsTCS on forex payments: From October 1, 2023, forex cards will attract at 20% if the user loads over Rs 7 lakh on the card in a financial ye...
- New 20% TCS rule from October 1, 2023: Know TCS rates on international trips, forex payments, debit, credit card, education, foreign investmentsStarting from October 1, 2023, all overseas outward remittances, except for medical and educational purposes, over a threshold limit of Rs ...
- 300% hike in TCS from July 1, 2023: How it will impact foreign investments, international trips, credit card spends abroadGet ready to shell out more from next month as Budget 2023 has increased Tax Collection at Source (TCS) on foreign remittance through the L...
- No TCS on foreign remittances of up to Rs 7 lakh, credit card spending overseas; higher rates to kick in from October 1TCS on foreign remittances: There will be no tax collection at source (TCS) on foreign remittances of up to Rs 7 lakh per financial year, s...
- 3 ways to avoid the 20% TCS on overseas tour packages effective July 1, 2023Starting from July 1, 2023, a tax collected at sources (TCS) of 20 per cent will apply to overseas tour packages. If you are planning to ta...
- You have to pay more for foreign tour packages from July 1, 2023: How to book smartly to save betterIf you are buying a foreign tour package from a travel agent, you have to pay a tax collection at source (TCS) of 20% from July 1, 2023. Bu...
- Using prepaid forex cards? Still no clarity on 20% TCSAt present, foreign currency and prepaid forex cards up to Rs 7 lakh accessed through these RBI-authorised facilities for international tra...
- Clarity needed on TCS levy on credit card payments, distinction between biz/personal visits: Tax expertsEY India, National Tax Leader, Sameer Gupta said since the object of the increase in TCS rate on LRS transactions is to address cases of di...
- Credit card forex payments under LRS: You have to pay 20% TCS on these transactions from July 1, 2023Credit card spending in a foreign currency will now be a part of LRS's annual limit of $2,50,000 per person. Further, it will be subject to...
- Credit card spends in foreign currency to attract 20% TCSThe Finance Ministry has clarified that foreign currency payments such as digital subscriptions to publications or goods bought on foreign ...
- FAITH urges government to withdraw TCS hike imposed on overseas tour packagesFAITH, the industry body, added that the step of raising the TCS has greatly undermined the business prospects of Indian tour operators who...
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