Finance Minister Nirmala Sitharaman on Saturday proposed to increase the threshold of tax collected at source (TCS) on ...

The increase in threshold from Rs 7 lakh to Rs 10 lakh for collecting TCS is expected to benefit the travel and foreign ...

Budget 2025 has proposed higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS). The new ...

The government has also raised the TCS exemption limit on Liberalised Remittance Scheme (LRS) transactions from Rs 7 lakh to ...

Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD ...

The threshold to collect TCS on remittances under RBI’s liberalised remittance scheme (LRS) is proposed to be raised from ₹7 ...

The existing TCS was applied specifically to remittances exceeding Rs 7 Lakh under the LRS. Besides this, the government has ...

Budget 2025 proposes increasing threshold limits for tax deducted at source (TDS) across various income categories, ...

Large foreign travel spends will attract higher upfront tax payments. Those funding education through loans get relief. TCS paid can be claimed later as a tax credit. The revised limits aim to ease ...

Budget: Finance Minister Nirmala Sitharaman raised the TCS threshold on remittances under RBIs Liberalized Remittance Scheme ...

The recent changes in capital gains taxation have introduced parity between domestic and international assets, thereby leveling the playing field for Indian investors.

The threshold to collect tax at source on remittances under RBI’s liberalised remittance scheme (LRS) is proposed to be ...