TCS on foreign remittance

What is the journal entry to be passed for recording TCS on foreign remittance made.
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Quick Summary
This discussion explores the correct journal entry for recording Tax Collected at Source (TCS) on foreign remittances. It clarifies whether the entry should be classified as an investment or based on the remittance's purpose, and how to debit TCS to cash.

Is it Investment or what purpose money remitted?.
TCS
To Cash

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