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TCS ON -UNDER LRS SCHEME

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(Querist)
21 February 2020 OUR COMPANY EMPLOYEE OFTENLY GOES TO ABROAD COUNTRY
AND WE PURCHASES FOREIGN CURRENCY.

CAN IN ABOVE CASE SELLER COLLECT TCS FROM BUYER -UNDER LRS SCHEME U/S 206c ( IG) (a) ( FOREIGN REMITTANCE THROUGH LIBERALISED REMITTANCE SCHEME

REGARDS
RAJKUMAR GUTTI
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 February 2020 This will not fall under LRS scheme hence TCS not applicable.

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