TCS ON -UNDER LRS SCHEME
This query is : Resolved
21 February 2020
OUR COMPANY EMPLOYEE OFTENLY GOES TO ABROAD COUNTRY
AND WE PURCHASES FOREIGN CURRENCY.
CAN IN ABOVE CASE SELLER COLLECT TCS FROM BUYER -UNDER LRS SCHEME U/S 206c ( IG) (a) ( FOREIGN REMITTANCE THROUGH LIBERALISED REMITTANCE SCHEME
REGARDS
RAJKUMAR GUTTI
AND WE PURCHASES FOREIGN CURRENCY.
CAN IN ABOVE CASE SELLER COLLECT TCS FROM BUYER -UNDER LRS SCHEME U/S 206c ( IG) (a) ( FOREIGN REMITTANCE THROUGH LIBERALISED REMITTANCE SCHEME
REGARDS
RAJKUMAR GUTTI
22 February 2020
This will not fall under LRS scheme hence TCS not applicable.
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