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On Thursday, the government announced the inclusion of credit card transactions in foreign currency under the LRS and the implementation of a 20% TCS starting July 1, 2023. These transactions were not previously considered part of the LRS framework. Watch this dialouge with CA Akhilesh Bhargav and Sujit Nair to understand what it means. Learn more about your ad choices. Visit megaphone.fm/adchoices
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