https://www.taxtmi.com/article/detailed?id=9820 W.e.f. October 1, 2020, remittances by resident individuals beyond the exempt threshold in a financial year attract TCS: a standard rate on amounts exceeding the exemption, a concessional rate for education-related remittances, and a higher collection rate where PAN is unavailable; TCS on international tour packages is collectible on the entire package amount regardless of the exempt threshold, GST on conversion/remittance charges is excluded from the TCS base, and individuals may claim refund or adjust collected TCS by filing their income-tax returns. en-us Thu, 03 Jun 2021 11:11:44 +0530 Thu, 03 Jun 2021 11:11:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9820 W.e.f. October 1, 2020, remittances by resident individuals beyond the exempt threshold in a financial year attract TCS: a standard rate on amounts exceeding the exemption, a concessional rate for education-related remittances, and a higher collection rate where PAN is unavailable; TCS on international tour packages is collectible on the entire package amount regardless of the exempt threshold, GST on conversion/remittance charges is excluded from the TCS base, and individuals may claim refund or adjust collected TCS by filing their income-tax returns. Articles Income Tax Thu, 03 Jun 2021 11:11:44 +0530 https://www.taxtmi.com/article/detailed?id=9820