TCS on credit card and forex card under RBI LRS lacks parity: What experts suggest Budget 2026 do?

Foreign spending by Indians faces a tax anomaly. While forex and debit cards incur Tax Collected at Source (TCS) under LRS, ...

Budget 2026: TCS cut may ease pockets of students eyeing foreign education

The Union Budget 2026 has cut tax collected at source (TCS) on overseas remittances and tour packages to a flat 2 per cent, ...
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TCS On Foreign Credit Card Spends: Are Indian Startups Staring At Yet Another Nightmare?

Most startup founders that Inc42 spoke with believe that the 20% TCS regime on credit card spending will have a short-term impact, however, highlighted a lack of clarity as the major issue The Souled ...
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Another U-Turn: Centre Trashes Plan To Charge TCS On Overseas Credit Card Spending

The finance ministry has shelved its plan to bring international credit card spending under the ambit of liberalised remittance scheme and charge tax collected at source The government has also ...