TCS on remittance

what rule has been applied in case of TCS on remittance wef 01/10/2020. does it also applicable to local RTGS and NEFT payments made.
Replies (4)
Quick Summary
This discussion clarifies the rules surrounding Tax Collected at Source (TCS) on remittances, effective from October 1st, 2020. It explores whether TCS applies to local RTGS and NEFT payments, with differing opinions presented. The conversation also touches upon the applicability of TCS to LCR (Liberalised Remittance Scheme) transfers.

Yes.........
Yes it's applicable
I think no TCS on remmintance is applicable on online payment or NEFT it is applicable only when transfer via LCR
What is LCR?.

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