False declarations to avoid steep TCS could lead to penalties, warn experts

The onus of adhering to the international spending limit of Rs 7 lakh per annum per person, post which 20 percent TCS will kick in, rests with the customer purchasing the foreign exchange, say forex dealers

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​ The onus of adhering to the international spending limit of Rs 7 lakh per annum per person, post which 20 percent TCS will kick in, rests with the customer purchasing the foreign exchange, say forex dealers The onus of adhering to the international spending limit of Rs 7 lakh per annum per person, post which 20 percent TCS will kick in, rests with the customer purchasing the foreign exchange, say forex dealers  Moneycontrol Latest News Read More