Credit card forex payments under LRS pay 20 percent TCS on 7 Lakhs above Txn from July 2023

Uploaded by Gwendolyn Lozada on May 20, 2023 at 5:11 am

Credit card forex payments under LRS pay 20 percent TCS on 7 Lakhs above Txn from July 2023

The e-Gazette notification dated 16th May 2023 omits Rule 7 of the FEM(CAT) Rules, 2000. Here are the Frequently Asked Questions #FAQs w.r.t. Tax Collection at Source (TCS) on foreign remittance through the Liberalised Remittance Scheme.
The e-Gazette notification dated 16th May 2023 omits Rule 7 of the FEM(CAT) Rules, 2000. Here are the Frequently Asked Questions #FAQs w.r.t. the Liberalised Remittance Scheme .

Murari Garg
9717550964( Whatsapp)

#20%tcs #lrs #rbi #fema #creditcards #internationaltransactions
#LiberalisedRemittanceScheme

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