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Indians spent US$ 267.56 million on education abroad in the reporting month, compared to $207.55 million in November.

The higher TCS rates of up to 20 per cent are applicable on various international spends such as overseas tour packages which include travel related to medical treatment, business, education, pilgrimage, personal gifts and donations, family maintenance and investments.

According to Reserve Bank of India (RBI) data, fund outflow under the RBI’s Liberalised Remittances Scheme (LRS) shot up to $3.89 billion (Rs 32,000 crore) in June as against $ 2.88 billion (Rs 23,900 crore) in May this year. LRS outflows in June 2022 were just $ 1.98 billion (Rs 16,430 crore).

20% Tax Collected at Source (TCS): The online travel booking company said that it will do so 'given the complexity of complying to the changes' to the TCS rules which will come into effect on July 1

Survived the global pandemic if it wasn't for the measures that we had brought into place before the pandemic in terms of the small business bonus scheme. we have worked incredibly hard with business over the years. but i also listen to business when they want a reset of that relationship. that is why we will take longer on the launch of the drs scheme. i am certain that if we said we would go live in august, i would be castigated for that by the opposition. in terms of the points where i do agree with daniel johnson, i think his point around reforming the landscape is something thatis reformi...