#Major Changes Implementing From Today: 5% Tax to be Levied on Foreign Fund Transfer - 01.10.2020

Any amount sent abroad to buy foreign tour packages, and every other foreign remittance made above Rs.7 Lakhs, will attract a tax-collected-at source (TCS) from 1st October, 2020 unless the tax is already deducted at source (TDS) on that amount. The tax on foreign tour packages will be 5% for any amount.

Tags : Foreign Fund Transfer Tax Collected at Source

Share :