Government propose to increase threshold of TCS on LRS scheme to Rs 10 lakh from Rs 7 lakh
Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD ...
Budget 2025: TCS threshold for foreign remittances hiked to ₹10 lakh. What it means for you
This revision is expected to bring relief to those making smaller foreign transactions, particularly for education, travel, ...
Press Trust of India on MSN2h
FM proposes to raise threshold for TDS on remittance to Rs 10 lakh from Rs 7 lakh
Finance Minister Nirmala Sitharaman on Saturday proposed to increase the threshold of tax collected at source (TCS) on remittances under the RBI's Liberalized Remittance Scheme to Rs 10 lakh from the ...
Tax threshold on overseas remittances hiked to Rs 10 lakh from Rs 7 lakh; for education, TCS removed if funded by loan
The increase in threshold from Rs 7 lakh to Rs 10 lakh for collecting TCS is expected to benefit the travel and foreign exchange sectors, providing a boost to outbound tourism, education and the ...
Government Exempts TCS For Remittances For Education Purposes
The existing TCS was applied specifically to remittances exceeding Rs 7 Lakh under the LRS. Besides this, the government has ...
Budget 2025: TCS rationalisation to benefit investors willing to invest in global markets
Budget: Finance Minister Nirmala Sitharaman raised the TCS threshold on remittances under RBIs Liberalized Remittance Scheme ...
money.rediff7h
Budget 2023: TCS Threshold Raised to Rs 10 Lakh
Finance Minister Nirmala Sitharaman announced in Budget 2023 that the threshold for TCS on remittances under LRS will be ...
How Budget 2025 makes studying abroad, travelling less tedious
Finance Minister Nirmala Sitharaman revised the Tax Collected at Source (TCS) rates on foreign remittances on Saturday. The ...
Union Budget 2025: TDS threshold limits hiked for rent, foreign travel | See full list
Nirmala Sitharaman said in Budget 2025 speech that the threshold amounts for tax deduction at source (TDS) will be increased for better clarity and uniformity ...
Gulf Times1h
Union budget expected to boost India’s short-term consumption
India’s Union Budget 2025-2026 is designed to boost short-term consumption, according to an official of LuLu Financial Holdings. Adeeb Ahamed, managing director, said ...