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.source https://economictimes.indiatimes.com/industry/banking/finance/banking/forex-card-spends-by-employees-in-overseas-business-trips-to-be-outside-lrs-tcs-ambits/articleshow/100332382.cms
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