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How to get 5% TCS for remittances beyond ₹7 lakh

The Central Board of Direct Taxes (CBDT) has issued some important guidelines on the implementation of changes relating to TCS under the LRS and for overseas tour packages. ....

Central Board , Direct Taxes , Income Tax Act , Finance Act , Oct 1 , Credit Card , Debit Card , Increased Tcs Rate , Overseas Tour Packages , Liberalised Remittance Scheme Lrs , Exemption Threshold Limit ,

TCS applicable on international remittance for education, medical treatment

The Indian government has clarified that remittances for education and medical treatment expenses will cover associated costs like international travel, local transport, food, and accommodation. Fees paid for correspondence courses from foreign universities that do not require travel overseas will be treated as liberalized remittance scheme (LRS) and face tax collected at source (TCS). R ....

Tax Collected At Source , Liberalised Remittance Scheme , International Travel Tickets ,

MCX: MCX renews IT deal with 63 Moons due to TCS delay

MCX hired TCS in September 2021 to design and deploy software for securities trading and market infrastructure. The new software was to replace the existing software before the end of its contract with 63 Moons on September 2022. ....

Multi Commodity Exchange India , Tata Consultancy Services , 63 Moons , 63 Moons Technologies , Insider Trading , Exchange India ,