Indians may rush sending money overseas in coming months before higher TCS rates kicks in

Bankers anticipate a surge in LRS remittances before the new TCS rate is implemented, as some people may prefer to send their remittances before the new tax structure takes effect on July 1. https://bfsi.economictimes.indiatimes.com/news/industry/indians-may-rush-sending-money-overseas-in-coming-months-before-higher-tcs-rate-kicks-in/97979543