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Payments using ICC on foreign visits to not attract TCS: Govt notification

Payments made by using international credit cards (ICC) during overseas visits will not attract Tax Collected at Source (TCS), as per a notification issued by the finance ministry on Friday night. Putting at rest the controversy over usage of ICC, the ministry amended the Foreign Exchange Manageme
Foreign Exchange Management Current Account Transactions Bank Liberalised Remittance Scheme Tax Collected Foreign Exchange Management Current Account Transactions Reserve Bank

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