Tag : foreign remittances

ECONOMY

Union Budget 2023: 20% TCS on Foreign Remittance Transactions

NileshFebruary 2, 2023

by NileshFebruary 2, 202305144

Finance Minister Nirmala Sitharaman has increased the tax at source (TCS) rate on foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20%....