You Searched For "tcs foreign remittance" and got 14 results
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2 mins read
Travel agents body calls for abolishing TCS ahead of its implementation from Oct 1
In a letter to the FM, TAAI President Jyoti Mayal said the TCS is a huge challenge for the tr…
PTI
3 mins read
Explained: TCS on your child's overseas education and mitigating strategies
If you're currently in the midst of securing funds for your children's international higher educati…
4 mins read
20% tax on foreign remittances make foreign investments unviable for retail investors
Budget announcement of 20% tax on foreign investments to make investments in the US markets less ap…
2 mins read
Budget proposes hike in TCS on overseas travel, fund remittances out of India to 20%
Also, 20 per cent TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out o…
PTI
2 mins read
Credit card payments on foreign tours to be brought under LRS to ensure compliance with TCS
Credit card payments for foreign travel will be brought under the purview of the Liberalised Remitt…
PTI
3 mins read
Budget 2023 proposes 20% TCS on foreign expenses under LRS
Overseas education and medical treatment: For both overseas education and medical treatment, t…
6 mins read
New TCS regulations may pinch your wallet while travelling abroad. Here’s how you can minimise the impact
A threshold relaxation of ₹7 lakh per financial year from TCS has been given only for overseas spen…
3 mins read
Credit card now under LRS ambit – 20% TCS to be charged on spends using international credit cards
The Central government has amended the rules under the Foreign Exchange Management Act to bring cre…
2 mins read
Income tax department updates Form 26AS, now includes mutual fund purchases, foreign remittances and more
India’s income tax department has updated the Form 26AS to include more information such as off-mar…
4 mins read
India’s rich to shell out more for luxury cars, global travel but may have more to invest
The Union Budget 2023-24 is being hailed as the common man’s budget, but at the same time many …
1 min read
MakeMyTrip acquires foreign exchange services provider BookMyForex
As India reopened international travel last month after two years of the pandemic, MakeMyTrip's fin…
1 min read
Vivo ED raids: Two Chinese directors of a related company flee
As the Enforcement Directorate (ED) continued searches at the premises of Chinese companies, includ…
23 mins read
These are the new TDS, TCS rates applicable on fixed deposits, dividends, contracts and more
Finance Minister Nirmala Sitharaman announced a reduction in tax deducted at source (TDS) and tax c…
2 mins read
From income tax to credit card payment - here are all the rules changing from October 1
A major change that will have an impact on the lives of those with vehicles is that no physica…