TCS Rules for Credit Card Transactions Abroad

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Proposed 20% TCS on credit card transactions abroad from July 1

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Exemption of up to Rs.7 lakh introduced due to criticism

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Finance department to provide more clarity amid doubts

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Finance minister extensively discussing new rules for complete clarity

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Determining the appropriate TCS rate and deduction limit

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Identifying transactions that will be exempt from taxation

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Addressing concerns and doubts regarding the TCS rules

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Finance minister striving to provide comprehensive clarity

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Awaited details on TCS implementation, deduction limits, and non-taxable transactions

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Consequences of late credit card bill payments

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