Increased TCS rates to apply from 1st October, 2023 - Important changes w.r.t Liberalised Remittance Scheme (LRS) and Tax Collected at Source (TCS) https://www.taxtmi.com/news?id=26631 The Government restored the annual de minimis threshold for TCS on LRS remittances across all payment modes and purposes; above that threshold differentiated TCS rates apply-reduced when education is financed by loan, intermediate for education or medical treatment, and higher for other purposes-and the increased rates will be implemented after a postponed commencement date to allow operational readiness. en-us Thu, 29 Jun 2023 09:36:14 +0530 Thu, 29 Jun 2023 14:56:00 +0530 TaxTMI RSS Generator Increased TCS rates to apply from 1st October, 2023 - Important changes w.r.t Liberalised Remittance Scheme (LRS) and Tax Collected at Source (TCS) https://www.taxtmi.com/news?id=26631 The Government restored the annual de minimis threshold for TCS on LRS remittances across all payment modes and purposes; above that threshold differentiated TCS rates apply-reduced when education is financed by loan, intermediate for education or medical treatment, and higher for other purposes-and the increased rates will be implemented after a postponed commencement date to allow operational readiness. News - Thu, 29 Jun 2023 09:36:14 +0530 https://www.taxtmi.com/news?id=26631