Applicability of provisions to collect taxes at source ('TCS') on foreign payments

Affluence Advisory , Last updated: 22 February 2024  
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Liberalized remittance scheme (LRS) under the foreign exchange regulations An Indian resident is allowed to freely remit money out of India, up to a maximum of USD 2, 50,000 per financial year without the authorization of the Reserve Bank of India (RBI) for certain specified purposes. Under

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