https://www.desidime.com/discussions/big-news-no-tcs-on-debit-and-credit-card-upto-7-lakhs-per-annum?page=1#post_9283419
This is for 1 CC or all CC one person holding?
Relaxed?
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Big news! NO TCS on debit and credit card upto 7 lakhs per annum.
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https://www.desidime.com/discussions/big-news-no-tcs-on-debit-and-credit-card-upto-7-lakhs-per-annum?page=1#post_9283586
nikniknik wrote:Jugad karne nikal pade 😂This is for 1 CC or all CC one person holding?
From my understanding it is per bank (of which the card belongs). Say you used multiple cards (debit or credit) of same bank then it is counted as accumulative.
If multiple banks cards used then each card separate.
However as the post says, this limit has now been excluded from LRS limit so no TCS on it.
https://www.desidime.com/discussions/big-news-no-tcs-on-debit-and-credit-card-upto-7-lakhs-per-annum?page=1#post_9283784
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JAYM wrote:I guess it is per individual
Jugad karne nikal pade 😂
From my understanding it is per bank (of which the card belongs). Say you used multiple cards (debit or credit) of same bank then it is counted as accumulative.
If multiple banks cards used then each card separate.
However as the post says, this limit has now been excluded from LRS limit so no TCS on it.
https://www.desidime.com/discussions/big-news-no-tcs-on-debit-and-credit-card-upto-7-lakhs-per-annum?page=1#post_9286975
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JAYM wrote:once again holding multiple card is profitable
Jugad karne nikal pade 😂
From my understanding it is per bank (of which the card belongs). Say you used multiple cards (debit or credit) of same bank then it is counted as accumulative.
If multiple banks cards used then each card separate.
However as the post says, this limit has now been excluded from LRS limit so no TCS on it.
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