Search For "tax collected at source"
Union Budget 2026 signals strong momentum for India's travel and tourism s
Updated : 3 months, 2 weeks ago IST
One of the most impactful announcements for the sector is the reduction in Tax Collected at Source (TCS) on overseas tour packages to a flat 2%. By easing the upfront financial burden on travellers, this policy is set to enhance affordability, encourage outbound travel, and stimulate dema
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Several luxury items, including watches, sunglasses, costing above Rs 10 l
Updated : 1 year ago IST
Several luxury goods costing above Rs 10 lakh will now attract Tax Collected at Source (TCS) at 1 per cent.
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Provisions of TDS/TCS in case of death of deductee or collectee relaxed
Updated : 1 year, 9 months ago IST
The government has relaxed provisions of TDS/TCS in the event of death of deductee/collectee before the linkage of PAN and Aadhaar card.
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The BMW 220i M Sport Shadow Edition debuts in India
Updated : 1 year, 12 months ago IST
Gurugram (Haryana) [India], May 23: The BMW 220i M Sport Shadow Edition has been launched in India today. Locally produced at BMW Group Plant Chennai, the limited edition is exclusively available at the BMW Online shop from today onwards.
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The MINI Charged Edition Launched in India. Plug into Bold
Updated : 2 years, 9 months ago IST
Gurugram (Haryana) [India], August 10: MINI India introduced the MINI Charged Edition, a limited edition of the all-electric MINI 3-door Cooper SE in India. Offered as a Completely Built-Up unit (CBU), only 20 units are available and can be booked exclusively on shop.mini.in.
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Save While Spending Overseas with Travel Credit Cards on Bajaj Markets
Updated : 2 years, 10 months ago IST
Pune (Maharashtra) [India], July 7: Bajaj Markets, a subsidiary of Bajaj Finserv, offers credit cards for every need, spanning from first-time credit cards to premium international travel credit cards. On this platform, customers can get over 30 cards offered by trusted partners, to meet the
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Increased tax on overseas spending under remittance scheme to be effective
Updated : 2 years, 10 months ago IST
The proposed increase in Tax Collected at Source rates which was to come into effect from July 1, will now apply from October 1, 2023.q
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Priyanka Chaturvedi urges Nirmala Sitharaman to scrap TCS, bring clarity o
Updated : 3 years ago IST
Amid the ongoing uncertainty on the issue of imposed Tax Collected at Source on the usage of international debit or credit cards during foreign travel, Rajya Sabha member Priyanka Chaturvedi wrote a letter to the Union finance minister Nirmala Sitharaman to consider scrapping or minimising s
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TCS for international card spend exempted under RBI's remittance scheme up
Updated : 3 years ago IST
The Ministry of Finance on Friday said it decided that any payments by an individual using their international debit or credit cards upto Rs seven lakh per financial year will be excluded from the RBI's Liberalised Remittance Scheme (LRS) limits and hence, will not attract any Tax Collected
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Here's what experts say about changes made in LRS for credit cards
Updated : 3 years ago IST
Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be exempted within the annual limits of USD 250,000, the governme
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International credit card spend exempted under RBI's remittance scheme wit
Updated : 3 years ago IST
The Centre on Tuesday brought international credit card spending outside India under the Liberalised Remittance Scheme (LRS) and issued an explainer on Wednesday to clear any confusion
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20 pc tax to be collected at source from July under remittance scheme for
Updated : 3 years ago IST
Tax Collected at Source (TCS) under Liberalised Remittance Scheme for the sale of overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) through the usage of international credit cards is set to rise from this July
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