Fact-Check: Trinamool Leader's Tax On Every Transaction Claim Is "False"
NDTV
The government on Friday announced no tax will be charged on overseas spending of up to Rs 7 lakh a year using debit or credit cards
The government has said the claim by a Trinamool Congress spokesperson that banks can't verify whether people have spent less than Rs 7 lakh a year is false. Claim: Banks cannot verify whether you've spent less than 7 lacs in a year.#PIBFactCheck▪️ This claim is False.▪️ Liberalised Remittance Scheme (LRS) spends of an individual are compiled & monitored by @RBI. pic.twitter.com/xcmatDKeJQ
In a fact-check post on Twitter, the Press Information Bureau (PIB) labelled as "false" Trinamool spokesperson Saket Gokhale's tweet that claimed people will be charged 20 per cent tax collected at source (TCS) no matter how much they spend abroad.
The government on Friday announced no tax will be charged on overseas spending of up to Rs 7 lakh a year using debit or credit cards. Friday's announcement was a follow-up to the public's queries on the centre's earlier announcement on charging TCS on all spends.
The PIB tweeted a screenshot of Mr Gokhale's post and said it was a "false" claim.
