Finance Bill 2024 – Key Proposals The finance minister Nirmala Sitharaman unveiled...
Read MoreClarification of TCS on the foreign remittance and usage of International Credit Card outside India
The Finance Act 2023 has amended the provisions of S. 206C(1G) of ITA to provide that any remittance made under the Liberalised Remittance Scheme (‘LRS’) (other than education and medical treatment) and on the sale of Overseas Tour Program Packages, the TCS shall be collected at the rate of 20%.
