Where to check if TCS was deducted on foreign travel and other transactions?
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.
Divakar Vijayasarathy Suresh Surana From October Information Statement Might Also Like Foreign Payments
Source: indiatimes.com