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Is TCS Applicable on Foreign Inward Remittances

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Dipak Yeshi

Dipak Yeshi (Querist)
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01 October 2020 I have IT company and I Have provide IT services on USA and UAE with GST export invoces. So my questions is , Is any TCS and TDS applicable from 1st oct 2020 on foreign remittance received from client. I have received 30lac in previous financial year and current financial year I have receive 25lac INR in foreign remittance.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 October 2020 TDS or TCS not applicable on such foreign remittance received.

Dipak Yeshi

Dipak Yeshi (Querist)
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02 October 2020 Thanks Mr CA R Seetharaman for your valuable reply

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