In the Budget this year, certain changes were announced to the system of Tax Collection at Source (TCS) on payments under the Liberalised Remittance Scheme (LRS) and on overseas tour program packages.

The finance ministry issued a notification on Wednesday in which it said that the increased TCS rates will come into effect from 1 October this year giving an extension of three months as the earlier ...

It has been decided that there will be no change in the rate of TCS for all purposes under LRS and for overseas travel tour packages. In the Budget this year, certain changes were announced to the ...

Amid summer holidays that vacationers prefer to spend in cooler climes overseas, the government’s recent move to levy Tax Collected at Source (TCS) on international transactions using credit cards ...

From July 1, 20 percent TCS will be collected. In case of debit or credit cards, TCS will apply only beyond the Rs 7 lakh limit. Travellers wanting to swipe their credit cards to book a foreign ...

Understand the new TCS rate, exemptions, and guidelines for foreign remittances as per the 2023 Union Budget. The 2023 Union Budget introduced significant changes concerning Tax Collected at Source ...

New Delhi: Among the many significant changes to personal finance, Union Budget 2023 has also imposed 20 per cent Tax Collected at Source (TCS) on foreign remittances from 1 July 2023. However, the ...

The Tata Consultancy Services online portal has started an online certificate program for students and professionals. Launched on the official website, tcs.com, the online certificate course has been ...