Finance Ministry set to provide clarity on TCS for foreign remittance under LRS

Last updated: 12 June 2023

Finance Ministry is going to come out with a detailed clarification regarding TCS (Tax Collected at Sources) on Liberalised Remittance Scheme (LRS), a senior Government official said on Friday. TCS is a mechanism to track expenditure from taxation point of view. It is paid by buyers over and abov

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Category Income Tax   Report

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