TCS at 20% under Income tax Act on sending money outside India under LRS. Applicable on non-resident?
Thus, after 01.10.2023, any remittance made outside India for any purpose i.e. maintenance of family or investment etc. 20% TCS ...
Saturday, December 14, 2024
Tag: TCS on foreign remittance
FAQ on increased TCS rate for Foreign remittance under LRS or foreign tour [Read circular]
ln case of purchase of overseas tour program package which is classified under LRS, TCS provision for purchase of overseas ...
Increased rate of TCS which includes 20% TCS on applicable to be applicable now from 01.10.2023
Increased TCS rates to apply from 1st October, 2023: The increase in TCS rates; which were to come into effect from 1st July, ...
International payments through credit card will now attract 20% TCS under Income tax
Further, Finance Act, 2023 has made amendment in Income tax act to increase the rate of TCS from 5% to ...
Central Government relaxes provisions of TCS under section 206C(1G) of the Income-tax Act, 1961 in respect of non-resident individuals visiting India
In order to remove such difficulties, the Central Government, in exercise of powers conferred under section 206C(1G) of the Act, ...
TCS Rate chart under Income tax act and Due date for filing of TCS return
Under Income tax act there is only one section which covers all the transactions on which TCS needs to be ...
TCS collected by Bank for foreign remittance reflecting in bank statement u/s 206C(1G)
Are you a professional using your savings bank account to send money outside India to freelancer who work for you ...
-
GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
-
How to pay Membership and COP fees of ICAI for 2020-21 |
-
Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
-
Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
-
SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Statutory Compliance Calendar for December 2024 | Income tax, GST and various other laws
- Statutory Audit of Other Non-Current Assets [Company Law]
- Extension of due date for furnishing return of income from 30.11.2024 to 15.12.2024
- PAN 2.0: A Digital Leap in Taxpayer Services
- Statutory Audit of Long-Term Loans and Advances [Company law]
- Condonation of delay for Form 9A/10/10B/10BB for AY 2018-19 and subsequent years
- Statutory Audit of Non-Current Investments in Indian Companies [Company Law]
- Statutory Audit of Intangible Assets Under Development in Indian Companies [Company Law]
- FAQ issued by CBDT on Vivad se Vishwas Scheme, 2024 [Read circular]
- CBDT extends due date for filing Income tax return for AY 2024-25 till 15th November 2024
TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India
