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Outward foreign remittances to be taxed more from July 1 onwards
In the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman had announced that any outward remittances, except for for medical and education purposes, will attract a TCS of 20 per cent on the entire value.
New delhi
Nirmala sitharaman
Union budget
From july
Tax collected
Finance minister nirmala sitharaman
Liberalised remittance scheme
Sanjay laul
Searchtcs on outward remittances
Tax collected at source
Ax on foreign remittance
Re payments for foreign tours taxable
Ax on education related expenses
Iberalised remiitance scheme
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