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International investing has become highly popular in recent times to get exposure to foreign markets, especially US markets with many platforms offering direct investing is US.
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In budget yesterday, TCS was increased to 20% from 5% and also removed threshold limit.
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It is very likely that Government’s decision to increase TCS on money sent out using LRS outside India may have a big impact on direct investment in Foreign markets.
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Do note that this does not affect mutual funds or ETFs investing in internationally as they don’t come under LRS.
This tweet by @nithin explains the following topic in detail.