-1722511478674.svg){kind=small}
Published 19:58 IST, May 18th 2023
Changes in FEMA rules to bring parity in treatment of overseas spending via debit, credit cards
The Union Budget 2023-24 had hiked TCS rates to 20 per cent, from 5 per cent currently, on overseas tour packages and funds remitted under LRS (other than for education and medical purposes). The new TCS rates will come into effect from July 1, 2023.
Image: PTI | Image:
self
- Listen to this article
- 4 min read
Advertisement
19:58 IST, May 18th 2023