Tag Archives: tcs on foreign remittances

Increasing rate of TCS of certain remittances

By | February 2, 2023
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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 »

TCS on overseas Tour Package & Foreign Remittance in Income Tax

By | April 22, 2020
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TCS on overseas Tour Package & Foreign Remittance under Income TCS on overseas Tour Package & Foreign Remittance in Income Tax  is imposed by Section 206C(1G) of Income Tax by Finance Act 2020 w.e.f 01.10.2020 Commentary on TCS on overseas Tour Package & Foreign Remittance under Income What is section in Income Tax for TCS… Read More »