Understanding Impact of New TCS Rule on Educational Expenses for Students Studying Abroad

Rashmi , Last updated: 25 September 2023  
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Introduction The recent budget for 2023 has brought about changes to the Tax Collection at Source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS). Specifically, the TCS rate for select transactions has increased from 5% to 20%, with the new rates taking effect fro

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Rashmi
(business)
Category Income Tax   Report

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