Tag: tax collected at source
Posted in Finance
Budget 2024: Higher TCS of 20% on certain foreign remittances via LRS can be reduced to 5%
Budget 2023 introduced a high Tax Collected at Source (TCS) rate, of 20%, on certain foreign remittances through the Liberalised Remittance Scheme (LRS). It has…
Posted in Business
Confusion persists on post-Oct 1 TCS regime
New Delhi: Confusion persists over the applicability of TCS (tax collected at source) up to 20% from October 1 on foreign remittances through international credit…
Posted in Economy
Govt attempting to link tax collected at source with TDS: CEA V Anantha Nageswaran
The government is attempting to link tax collected at source for payments made by individuals with tax deducted from their income sources, a move that…