Is TCS Applicable on Foreign Inward Remittances
This query is : Resolved
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.
01 October 2020
TDS or TCS not applicable on such foreign remittance received.
02 October 2020
Thanks Mr CA R Seetharaman for your valuable reply
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