20% TCS on Forex Card explained || TCS on foreign Travel and spends || TCS on foreign remittance

Channel:
India Finance insider
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Published on ● Video Link: https://www.youtube.com/watch?v=zMGgd7nopLU


Duration: 4:49
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important update : New tcs will apply on 1 octobor 2023 and will be same as mentioned on video:

tcs rates (applicable on 1 octobor 2023):

1) foreign currency purchase : upto 7 lakh of purchase - no tcs , after 7 lakh 20% tcs
2) purchase of Overseas Tour Package : upto 7 lakh - 5% tcs , after 7 lakh-20% tcs
3) Any other case - upto 7 lakh of purchase - no tcs , after 7 lakh 20% tcs
4) Outward remittances for (education/medical purposes) - upto 7 lakh of purchase - no tcs , after 7 lakh 5% tcs



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