Taxation is a great leveller. After ages, saw Right, Left and Centre equivocally ranting about 20% TCS.

Govt data says under the LRS, $12.68 bn in 2020-21, $19.61 bn in, 2021-22 and rose to over $24.0 bn in 2022-23, of which overseas travel accounted for more than half.

The e-Gazette notification dated 16th May 2023 omits Rule 7 of the FEM(CAT)Rules, 2000.

-Navneet Shukla