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CA Samaaj
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CASamaaj
1 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.
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.
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