Revision in TCS on LRS Transactions from 1st October 2023

The revised TCS rates (as per the Finance Act, 2023) on Forex drawls/ remittances by Resident Individuals under Liberalised Remittance Scheme (LRS) effective from 1st October 2023, which is as under. Sr. No Type of Remittance Abroad New TCS rate (w.e.f 1st October 2023) 1 For the purpose of education, if the amount being remitted […]