TCS increase for overseas travel

Your foreign holiday just got 20% more expensive. Why? Budget 2023 has proposed to increase tax collected at source (TCS) from 5% to 20% with no threshold. It hits all kinds of remittances - even using debit cards abroad. Consolation prize? You can get refund after filing ITR more  

via_LocalCircles_260CF00A-84A3-4492-B6D8-CD165F29E533___20230201101749___.jpeg
View all 6 comments Below 6 comments
Lets enjoy the 'Amrut kaal ke ache din' without any questioning. After all, majority has a good experience accepting all price hikes without any question. more  
I think there is a mistake in your thinking, because only after you cross the limit of Rs.7 lakhs a year, are you eligible to pay 5%, so this year it will be 20% if you cross the Rs.7 lakh limit, more  
YES...... Refund is available always if justified. more  
hello this is A VERY good move , C.V.Pradeep Mob: 9243103920 On Wednesday, 1 February, 2023, 11:15:53 pm IST, Shikha Chhabra wrote: more  
If one can afford travel to a foreign country, then surely they can afford this additional expense. And as for getting refunds through ITR, it will ensure that they fine returns. more  
Post a Comment

Related Posts

    • School Fee is becoming excessive

      Schools are supposed to be trusts but they are profiteering in India. 1 lakh a quarter for fee or 4 lakhs a year in good private schools. Just a decade back it used be 1.2 lakhs a year in fee. Will...

      By Kajal Singh
      /
    • Discriminatory policies in fixing prices of commodities vs farm produce

      It's very true! The glaring example is the garment industry, besides similar others. They fix the price themselves, and God knows! who has checked their costing to arrive at it. They show a higher ...

      By PVV Satyanarayana
      /
    • Price difference between farmer and retailer

      Kinnow farmers in Punjab get only Rs 10 per kg for their harvest. Retailers are charging 50 per kg. Why are the so called ecommerce platforms not interjecting themselves in this network ...

      By Harsimran Kaur
      /
    • Cricket black marketing and profiteering

      See attached everyone how people were forced to buy tickets of 2000 for 50000

      By Garima Sharma
      /
    • Airlines are looting us

      Serious shame on airlines. They profiteer to the moon by charging for everything and unlimited fares for last minute travels. Now they say Your flights to cost more as fliers to shoulder...

      By Garima Sharma
      /
    • Carteling in air fares

      I dont know if its just me or others feel it too, it appears that airlines have an understanding when it comes to airfare that let us charge a minimum airfare for a particular sector. With only 2-3...

      By Harsimran Kaur
      /
    • What kind of loot is Govt supporting

      average room rates in 5-star hotels in Delhi could be 50-60% higher than usual, with the cost of a presidential suite touching the Rs 20 lakh mark during September 5-10. I mean have we ...

      By Garima Sharma
      /
    • बैंक की लूटमार

      वित्त मंत्रालय ने संसद में बताया है कि सरकारी और पाँच प्राईवेट बैंकों ने मिलकर 2018 से लेकर अब तक जनता से शुल्क के रूप में 35000 करोड़ ₹ वसूले है। खाते में न्यूनतम रक़म नहीं होने से - 2...

      By Garima Sharma
      /
    • Utter loot on food in multiplexes

      Some recent offers by 1-2 theater chains aside most multiplexes are selling 40 rupee popcorn for 400 inside theater and they dont let u bring your own. Can we all pledge to not by food i...

      By Garima Sharma
      /
    • If you are a moviegoer

      GST council has reduced the F&B served in cinema halls from 18% to 5% yesterday But if the F&B is booked along with the tickets, then it will be taxed at 12% or 18%. (same as pri...

      By Naina Mittal
      /
    • The hotel loot across India

      Many hotels in India have decided to recover all the losses from 2020 and 2021 in 2023 and have started pricing rooms at abnormally high levels. Why is there no hotel regulator in the co...

      By Garima Sharma
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)