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Budget 2024 formalises hike in TCS rate announced in 2023

Interim Budget 2024: Hike in the TCS (tax collected at source) rate on foreign remittances from 5 percent to 20 percent announced in the last budget is set to be formally incorporated into the Income Tax Act. ....

Kuldip Kumar , Finance Bill , Income Tax Act , Liberalised Remittance Scheme , Income Tax , Mainstay Tax Advisors , Budget 2024 , Finance Minister , Budget Announcement , Cs On International Spends ,