Tag Archives: New TCS Rates

Increasing rate of TCS of certain remittances

By | February 2, 2023

Increasing rate of TCS of certain remittances BUDGET 2023-24 MEMORANDUM EXPLAINING THE PROVISIONS IN THE FINANCE BILL, 2023 Section 206C of the Act provides for TCS on business of trading in alcohol, liquor, forest produce, scrap etc. Sub-section (1G) of the aforesaid section provides for TCS on foreign remittance through the Liberalised Remittance Scheme and… Read More »