Overseas debit, credit card payments up to Rs 7 lakh a yr out of LRS: Govt
Published by Business Standard
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The article reports the government's decision to keep up to ₹7 lakh a year of international debit and credit card payments outside the Liberalised Remittance Scheme, so they attract no TCS. It recalls the earlier plan for 20% TCS from 1 July and notes that other remittances, such as for investment or tour packages, still attract TCS.
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Overseas debit, credit card payments up to Rs 7 lakh a yr out of LRS: Govt
