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

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Helpful Anti-Profiteering Feb 01

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Anonymous Circle Member

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

Feb 02

Deenaz Bulsara

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

Feb 02

Padam Law

YES...... Refund is available always if justified. more

Feb 02

Pradip Kumar C V

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

Feb 02

Padmanabhan G

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

Feb 02

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