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TCS on overseas credit card spends likely in the next Budget

The objective of the move to include overseas credit card spends under LRS was to discourage large foreign exchange outflows, as remittances under LRS have risen sharply in the past few years.

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Union Budget , Canara Bank , Income Tax Department , Department Of Economic Affairs , Liberalized Remittance Scheme , Economic Affairs , Income Tax , Reserve Bank , Tcs On Overseas Credit Card Spends Likely In The Next Budget , Personal Finance , Credit Cards ,