Gagan Aggarwal (226 Points)
29 August 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 29 August 2022
If you transferring money through Liberalize remittance scheme ( LRS) then Bank will deduct TCS 5% amount for remittance of more than 7 Lac in certain cases , was effective from 1/10/2020 , please refer section 206C(1G) of the Income tax act . contact to your Bank branch who are authorized dealer of Foreign Exchange for more details.
Gagan Aggarwal
(226 Points)
Replied 29 August 2022
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 29 August 2022
Gagan Aggarwal
(226 Points)
Replied 29 August 2022
veerendar singh
(tax consultant)
(3301 Points)
Replied 30 August 2022
CAclubindia
