Episode Details
Back to EpisodesWhy your holidays abroad are going to cost more
Episode 27
Published 3 years ago
Description
Lately, Indians have been spending increased amounts of money on travelling to foreign countries. In the month of November last year, Indian travellers spent 1 billion dollars abroad.
The government and even regulator RBI took notice of the new trend.
And now, in the Union Budget 2023, a new tax has been added to overseas spending through the Liberalised Remittance Scheme (LTS).