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TCS on forex

27 September 2023

Our company purchase foreign currency from forex dealer, & use this currency by our employee for visiting abroad country for business work.

Can TCS applicable for foreign currency

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4 Replies

Edward K Gill (I provide consultations) (17 Points)
Replied 27 September 2023

TCS is not typically applicable to foreign currency purchases for business travel.

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Rajkumar Gutti (667 Points)
Replied 27 September 2023

Suppose we remitted foreign currency through bank to our foreign party service provider , then is it apply

Ernest Candace (2 Points)
Replied 15 October 2024

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