Given that such spending would be outside the LRS limit, it won’t be subject to a 20% tax collected at source from July 1, as stipulated in the Finance Bill 2023.from Banking/Finance-Industry-Economic Times https://ift.tt/3JZEpB4
Thursday, May 18, 2023
Forex card spends by employees in overseas business trips to be outside LRS, TCS ambits
Given that such spending would be outside the LRS limit, it won’t be subject to a 20% tax collected at source from July 1, as stipulated in the Finance Bill 2023.from Banking/Finance-Industry-Economic Times https://ift.tt/3JZEpB4
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