The government has also raised the TCS exemption limit on Liberalised Remittance Scheme (LRS) transactions from Rs 7 lakh to ...

The threshold to collect TCS on remittances under RBI’s liberalised remittance scheme (LRS) is proposed to be raised from ₹7 ...

Finance Minister Nirmala Sitharaman's announcement to raise the threshold for tax collected at source (TCS) on remittances ...

In the latest Budget, the FM made no changes to Long-Term Capital Gains (LTCG) and Short-Term Capital Gains (STCG) taxes but ...

The threshold and rate for TCS is determined under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI). RBI has created the LRS policy for simplifying the process of sending ...

Large foreign travel spends will attract higher upfront tax payments. Those funding education through loans get relief. TCS ...

Budget 2025 introduces higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS), aiding small ...

Finance minister Nirmala Sitharaman announced significant tax relief in the Union Budget, raising the nil-tax threshold to Rs 12 lakh, relieving nearl ...

The recent changes in capital gains taxation have introduced parity between domestic and international assets, thereby leveling the playing field for Indian investors.

For remittances under the Liberalised Remittance Scheme (LRS), the TDS threshold has been increased from Rs. 7 lakh to Rs. 10 lakh. Also, the annual TDS limit on rent has been raised from Rs.