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October 27, 2023
ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has conveyed its reservations with respect to power...
October 24, 2023
Changing registered capital in China is a complex procedure, but may be necessary in certain situations. We explain how it can be done.
October 10, 2023
All foreign payments except for medical and education purposes will attract a 20% tax collected at source (TCS). However TCS is not an additional income tax. Further the TCS amount so deducted can be used by an individual to adjust his/her net tax liability. Read below to know where the TCS amount so deducted can be seen.
September 27, 2023
Republican Congressman says: Bank records dont lie, but President Joe Biden does.
May 22, 2023
Biden will face a choice of acknowledging his son's nefarious activities -- thereby sacrificing him -- ย or continuing to misdirect.
May 20, 2023
Now, with Friday's decision, the 20 per cent TCS rate is likely to be levied on card transactions beyond Rs 7 lakh.
May 20, 2023
Those claiming that tax on LRS is perverse miss the point, spread unnecessary panic
May 18, 2023
The government had already begun levying 5 per cent TCS on overseas remittances and for sale of overseas tour packages.
May 17, 2023
The Finance Ministry, in consultation with the RBI, has omitted Rule 7 of the Foreign Exchange Management (Current Account Transactions) Rules, 2000, thus effectively including forex spending through international credit cards under the LRS.
May 12, 2023
Says there is a plan for foreign payments of $3.7 billion in May and June