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Latest News
1 Oct 2023
20% TCS on Foreign Remittances wef 1st Oct 2023
Starting October 1, a tax collected at source (TCS) of 20% will be levied on foreign remittances of more than Rs 7 lakh in a financial year, except in certain cases. If you directly invest in international stocks or planning to buy real estate abroad, you must know how the new TCS rule is going to impact your investment from today.
Search and Seizure Conducted by Income Tax Department In J&K
Income Tax Department conducted a search and seizure operation in the Kashmir Valley on a prominent business group, engaged in various sectors namely, Cement, Steel, Glass, Plywood, Real Estate, Tourism, Textiles and Healthcare, etc. on 09.10.2023. More than 40 premises were covered in Srinagar, Sopore, Budgam, Sonmarg, Pulwama areas of Kashmir Valley and at Delhi.
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