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TCS ON LRS
US Stocks: GIFT City or traditional broker? Before you start overseas investing, know which route saves you more in taxes, costs, and hassle- GIFT City investment: Here’s how resident Indians can invest in global stocks, ETFs, and mutual funds
- International funds top return charts, but overseas investment limits persist. Should you continue SIPs or explore alternatives?
- Why investors are ready to play in global equity leagueIndian investors are increasingly looking overseas as global markets outperform domestic equities, driven by themes like AI. While internat...29 May, 2026, 05.48 AM IST
- ETMarkets Smart Talk | “Tax, TCS & Clarity: What’s holding Indian investors back from going global”, explains Himanshu KohliIndian investors remain hesitant about overseas investing due to taxation complexities and operational ambiguity. Expert Himanshu Kohli adv...30 Apr, 2026, 09.00 AM IST
- International funds deliver up to 50% returns in a year, subscriptions halted. Should investors book profits or stay invested?International funds have delivered up to 50% returns in one year, supported by a global tech rally, rupee depreciation, and strong earnings...28 Apr, 2026, 10.11 AM IST
- HDFC Bank alerts clients on card swipe for overseas dealsIn recent times many resident individuals, banking with various financial institutions, have used cards to carry out international capital ...24 Apr, 2026, 06.39 AM IST
- TCS on credit card and forex card under RBI LRS lacks parity: What experts suggest Budget 2026 do?Foreign spending by Indians faces a tax anomaly. While forex and debit cards incur Tax Collected at Source (TCS) under LRS, international c...29 Jan, 2026, 11.23 AM IST
- TCS on sending money abroad is 20% in many cases: Will Budget 2025 reduce this to 5%?Reduce TCS on LRS in Budget 2025: Following the amendments made in the Income Tax Act, TCS on sending money abroad in specified cases attra...16 Jan, 2025, 01.03 PM IST
- New TCS rules have kicked in: Here's what gets costlier and what remains sameStarting October 1, 2023, new tax collection at source (TCS) rates will affect various financial transactions, such as international travel...02 Oct, 2023, 03.07 PM IST
- 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 ...25 Sep, 2023, 03.03 PM IST
- What are the new TCS rates for foreign remittances applicable from October 1, 2023Here is the rate you will be charged for foreign remittances under LRS below and above Rs.7 lakh.10 Jul, 2023, 06.30 AM IST
- Sending money abroad for education? Watch out for these errors to avoid 20% TCSThe higher rate of TCS will not apply to education expenses incurred abroad. But parents must be careful about the fine details of TCS whil...08 Jul, 2023, 03.17 PM IST
- 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...06 Jul, 2023, 02.48 PM IST
- Govt clarifies how TCS will be applicable on flight tickets, hotel bookings during international trips, hostel expenses, other foreign remittancesEarlier this week, the ministry said that there will be TCS on foreign remittances of up to Rs 7 lakh per financial year. Further, it also ...04 Jul, 2023, 03.48 PM IST
- No TCS on debit card, credit card forex payments of up to Rs 7 lakh from July 1, 2023: GovtThe Ministry of Finance on Friday, May 19, clarified that no TCS will be levied on individual payments using international debit and credit...22 May, 2023, 04.20 PM IST
- No TCS on overseas spending up to Rs 7 lakh per year by credit or debit cards: GOIThe Government of India on Friday has announced that individuals making payments using their international debit or credit cards, up to Rs ...19 May, 2023, 08.11 PM IST
- Changes in FEMA rules: Debit, credit cards to have parity; business visits of employees exempted from LRSThe ministry said since credit card spending overseas has now been brought under LRS, such remittances would be liable to tax collected at ...19 May, 2023, 11.51 AM IST
- 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 ...19 May, 2023, 08.25 AM IST
- Credit card payments on foreign tours may be brought under LRS to ensure compliance with TCSThe Union Budget 2023 proposed a TCS for foreign outward remittance under LRS other than for Education and medical purposes of 20 per cent ...15 May, 2023, 07.04 AM IST
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