https://www.taxtmi.com/acts?id=41270 Amendment to section 206C(1G) raises the tax collected at source rate on remittances under the Liberalised Remittance Scheme when the remittance is for purposes other than education or medical treatment, effective 1 July 2023. The first proviso is amended so TCS does not apply where amounts remitted for education or medical treatment are below the statutory threshold; the second proviso is amended so TCS applies where amounts remitted for education or medical treatment exceed that threshold. en-us Wed, 01 Feb 2023 16:13:41 +0530 Wed, 01 Feb 2023 16:13:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41270 Amendment to section 206C(1G) raises the tax collected at source rate on remittances under the Liberalised Remittance Scheme when the remittance is for purposes other than education or medical treatment, effective 1 July 2023. The first proviso is amended so TCS does not apply where amounts remitted for education or medical treatment are below the statutory threshold; the second proviso is amended so TCS applies where amounts remitted for education or medical treatment exceed that threshold. Act-Rules Bill Wed, 01 Feb 2023 16:13:41 +0530 https://www.taxtmi.com/acts?id=41270