How tax will be collected at source from individuals on these transactions from Oct 1

How tax will be collected at source from individuals on these transactions from Oct 1

From October 1, TCS will be levied on foreign remittances made through the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) and for buying foreign travel packages.

Dr. Suresh Surana, Founder, RSM India, discusses with the Economic Times, the rules regarding the applicability of TCS and how much the tax is leviable.

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