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TDS, TCS aren't money lost forever, you can adjust or claim it back

Low-income earners need to track tax collected and deducted to receive refunds. TDS is not final tax liability, total tax depends on your tax bracket.

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TCS rules on foreign tours, magazine subscriptions, iTunes, international equities… all doubts clarified

The government partially rolled back the 20% tax collected at source (TCS) rule for international spends on credit cards. Now, only those who spend more than Rs 7 lakh will come under the Liberalised Remittance Scheme and be subject to TCS.

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