New Delhi: Finance Ministry said that any payments by an individual using their international Debit or Credit cards upto seven lakh rupees per financial year will be excluded from the Liberalized Remittance Scheme, LRS limits and will not attract any Tax Collection at Source. Concerns have been raised about the applicability of Tax

Collection at Source to small transactions under the Liberalized Remittance Scheme from 1st July.

To avoid any procedural ambiguity, it has also been decided that Existing beneficial TCS treatment for education and health payments will also continue.

No Comments For This Post, Be first to write a Comment.
Leave a Comment
Enter the code shown:

Can't read the image? click here to refresh

Todays Epaper

English Weekly

neerus indian ethnic wear
Latest Urdu News

Which cricket team will win the IPL 2024?

Rajasthan Royals
Kolkata Knight Riders
Lucknow Super Giants