What are the TCS provisions (including thresholds, if any) in regards to the overseas investment made by an investor?

Modified on Thu, 05 Jan 2023 at 05:49 PM

As per Finance Act, 2020, TCS @ 5% is applicable only if and when the foreign remittance in a Financial Year exceeds INR 7,00,000. It is pertinent to note here that TCS provisions on foreign remittance are applicable from 01-10-2020.

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