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Tax collection at source: Who issues a TCS certificate and when; all you want to know

The tax law mandates that certain persons being the sellers must collect a percentage of tax at the time of receipt of money from the buyers. Starting early this month, the Government of India introduced TCS rate of 20 percent on foreign remittances of more than ₹7 lakh in a financial year ....

Starting Oct , Reserve Bank , Tax Collection At Source , Income Tax , Tax Return Filing , Higher Tcs Rate ,