We all know, that starting October 1, 2023, the new TCS (Tax Collected at Source) has increased for remitting money abroad from India under the Liberalized Remittance Scheme (LRS). These will increase the burden of TCS on Foreign Remittance on Education. Is there a way out to minimize this tax burden by proper planning orRead More
how to avoid TCS on foreign remittance
How Travellers Can Reduce TCS on Foreign Remittance on Tour Package
This is part 2 of the series – How increased TCS Rates Impact can be reduced on Remittance under LRS? We already discussed how parents of kids studying abroad can reduce the burden of increased TCS (Tax Collected at Source) through proper planning of remittance. Here we will discuss how travelers can reduce the TCSRead More