Foreign travel, overseas investment to get costlier
Foreign travel, overseas investment to get costlier
Budget 2023 has proposed a hike in tax collected at source (TCS) on remittances other than foreign education. Previously, the TCS was pegged at 5% on such remittances above ₹7 lakh. However, the 2023 budget has proposed to do away with both the minimum threshold and the lower 5% rate. The budget has proposed a [...]
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