November 22, 2024 23:12 (IST)
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No TCS on overseas spending through international debit or credit cards up to Rs 7 lakh per financial year: Centre

No TCS on overseas spending through international debit or credit cards up to Rs 7 lakh per financial year: Centre

New Delhi: The Centre on Friday announced that individuals who use their international debit or credit cards for payments, up to Rs 7 lakhs per financial year, will be exempted from the limits set under the Liberalized Remittance Scheme (LRS).