Tcs on foreign currency

we are purchasing foreign currency from authorised dealer for our employee , who are frequently goes to abroad country for business tour purpose.
In this case can to deduct TCS from remittance of foreign currency.
Replies (2)
Quick Summary
This discussion clarifies the Tax Collected at Source (TCS) implications when purchasing foreign currency for employees travelling abroad on business. It explains that TCS is applicable under the Liberalised Remittance Scheme (LRS) introduced by the RBI once a certain threshold limit is exceeded. The content aims to help businesses understand their obligations regarding TCS deduction on foreign currency remittances.

If you are sending money via LRS scheme , Introduce by RBI , after Certain threshold limit, TCS applicable.
What is LRS scheme & Threshold limit

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details