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Following is the text from the link that you shared. They took the decision to raise the limit to Rs 7 lakh per financial year after public concern. This limit
by throwaway384629 3y ago
Following is the text from the link that you shared. They took the decision to raise the limit to Rs 7 lakh per financial year after public concern. This limit was definitely not there before.
>> To avoid any procedural ambiguity, it has been decided that any payments by an individual using their international Debit or Credit cards upto Rs 7 lakh per financial year will be excluded from the LRS limits and hence, will not attract any TCS.