TCS of 20% on international spends, credit cards under LRS: Finmin's Rs 7-lakh relaxation a relief, but confusion far from over
International credit card spends are under LRS from May 16 and the 20 percent TCS will kick in from July 1, 2023. Until June 30, TCS at the rate of 5 percent will apply.
Source: moneycontrol.com