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    HomeNewsBusinessPersonal FinanceFalse declarations to avoid steep TCS could lead to penalties, warn experts

    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

    Khyati Dharamsi
    October 16, 2023 / 09:50 IST
    Forex dealers seek declaration on Rs 7-lakh foreign spending limit from travellers
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