Tag: TCS rate
Posted in Finance
Budget 2024: Higher TCS of 20% on certain foreign remittances via LRS can be reduced to 5%
July 12, 2024 Leave a Comment on 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…