tcs: Clarity needed on TCS levy on credit card payments, distinction between biz/personal visits: Tax experts
2023-05-22 15:20:28 Tax experts on Monday sought clarity on the applicability of TCS on foreign payments of over Rs 7 lakh made via credit cards, saying it would be difficult for the I-T department to differentiate between personal and business visits. The government on May 16 issued a notification under Foreign Exchange Management Act (FEMA), … Read more