Diversify your portfolio overseas with various routes like LRS, mutual funds, online platforms, GIFT City, and direct foreign ...

RBI data shows that remittances for investment in equity and debt spurted to $173.84 million in February from $104.98 million ...

The Central government has introduced changes to the Income Tax Act, 1961, expanding the scope of the Tax Collected at Source ...

The government’s updated TCS rule mandates 1% tax on luxury goods like watches, art, yachts, and helicopters priced over Rs ...

The Finance Minister has hiked the tax collected at source limit from Rs 7 lakh currently to Rs 10 lakh in Budget 2025. Apart from hiking the threshold for TCS on foreign remittances, the ...

Name withheld on request. Tax collected at source (TCS) is applicable on all remittances made under the Liberalised Remittance Scheme (LRS), as per the Income Tax Act, 1961. Under the LRS ...

The government partially rolled back the 20% tax collected at source (TCS) rule for international spends on credit cards. Now, only those who spend more than Rs 7 lakh will come under the ...

In the February 2025 budget, Finance Minister Nirmala Sitharaman increased the TCS-free limit under the Liberalised Remittance Scheme (LRS) from Rs 7 lakh to Rs 10 lakh. This means that you can ...

New TDS, TCS rules 2025: Under the new provisions, senior citizens will be exempt from TDS on interest income up to ₹1 lakh per year.(Mint) The new income tax bill has changed the TDS (Tax ...

The Union Budget 2023 proposed a TCS for foreign outward remittance under LRS other than for Education and medical purposes of 20 per cent applicable from July 1, 2023.

The government partially rolled back the 20% tax collected at source (TCS) rule for international spends on credit cards. Now, only those who spend more than Rs 7 lakh will come under the ...