Foreign Tour Packages Will Cost More Starting 1st July 2023: Tips to Book Smarter and Save

Rashmi , Last updated: 16 March 2023  
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Starting from July 1, 2023, booking foreign tour packages is going to become more expensive for Indians. The government has increased the tax collection at source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20% (except for education and medical purpose

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Rashmi
(business)
Category Income Tax   Report

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