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Show Notes
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).
Topics
business newstaxThe Ken