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Will Budget 2024 reduce 20% TCS for taxpayers, levy TCS on credit card forex payments?

Budget 2024: The industry wants the Finance Ministry to reconsider the decision of applying TCS at such a higher rate of 20%. The rate is exceptionally high and almost punitive to the citizens who need to make foreign payments, say experts. Earlier, TCS used to be applicable at 5% when you cross the threshold of Rs 7 lakh for certain transactions.

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Budget 2024 Expectations: Bring credit cards under new TCS regime to bring parity with forex cards, says BookMyForex.com CEO

Says secured credit cards that require a minimal amount of FD are now used as forex or travel cards and function exactly like forex prepaid cards with no document or TCS requirements

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20% TCS on foreign travel packages has altered tourism landscape: BookMyForex CEO Sudarshan Motwani

It is important to note that cash cannot be completely replaced, especially in certain situations

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Affordable housing market in India is valued at $300 billion: Basic Home Loan founder Atul Monga

Tells BT Money Today that several factors, including the entrance of numerous real estate developers, rapid urbanisation and higher income levels have ignited the growth

India , Narendra-modi , Sudarshan-motwani , Navneet-dubey , Atul-monga , Basic-home-loan , Compound-annual-growth-rate , Pradhan-mantri-awas-yojana , Prime-minister-narendra-modi , Prime-minister-modi , Housing-market

BookMyForex Launches International Travel Fest with Exciting Bundled Offers, Targets Double-Digit Growth

BookMyForex Launches International Travel Fest with Exciting Bundled Offers, Targets Double-Digit Growth
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Forex card pull

Forex card pull
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New 20% TCS rule from October: 4 tips to bring down TCS to zero during your next international trip

20% TCS on overseas tour package: When you book, offline or online, overseas tour packages, offline or online, of more than Rs 7 lakh in a financial year, you have to pay TCS at 20% from October 1, 2023. Is there any way to reduce this additional upfront cost? Here are a few tips which will help you lower your TCS burden while travelling abroad. Read on to find out.

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20% TCS from October 1: No TCS on credit card but forex card could save more during international trips; know how

From October 1, 2023, forex cards will attract at 20% if the user loads over Rs 7 lakh on the card in a financial year. There is no TCS on international credit cards. Does it mean that credit cards will be a better option than forex cards while travelling abroad? Read carefully to find out

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tcs on credit card: How a forex card could save you more than a credit card during international trips

From October 1, 2023, forex cards will attract at 20% if the user loads over Rs 7 lakh on the card in a financial year. There is no TCS on international credit cards. Does it mean that credit cards will be a better option than forex cards while travelling abroad? Read carefully to find out

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Here is how you can save on foreign travels if you're planning to visit abroad before September 30

Beginning October 1, the tax collected at source on foreign tour packages will increase to 20 per cent from the current 5 per cent

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