TCS: New TCS rules have kicked in: Here's what gets costlier and what remains same
Starting October 1, 2023, new tax collection at source (TCS) rates will affect various financial transactions, such as international travel, investments in foreign assets, and educational expenses abroad. Under the Liberalised Remittance Scheme (LRS), individuals can remit up to $250,000 in a financial year.
Source: indiatimes.com