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Remitting the fund to the foreign country

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(Querist)
18 May 2023 Dear Experts,

01. A company is remitting the fund to the foreign country for the purpose of Business trip of Director.

02.Is there any TDS implications on this transactions? 03.Is there any TCS implications 5%?

Pl clarify
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
31 May 2023 No TDS, but bank will deduct TCS for outward remittance.

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