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Sunday, 26 March 2023

Credit card payments on foreign tours to be brought under LRS to ensure compliance with TCS

Credit card payments for foreign travel will be brought under Reserve Bank’s Liberalised Remittance Scheme (LRS) to ensure that such expenses do not escape TCS (Tax Collection at Source)....

source https://news.caclubindia.com/credit-card-payments-on-foreign-tours-to-be-brought-under-lrs-to-ensure-compliance-with-tcs-22132.asp

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