https://www.taxtmi.com/news?id=69409 Under the Liberalised Remittance Scheme, remittances exceeding Rs 10 lakh for education or medical treatment will attract TCS at two per cent (down from five per cent), while non-education/medical remittances remain subject to a higher TCS rate. Separately, TCS on overseas tour programme packages is fixed at two per cent without an amount threshold; TCS on tendu leaves is reduced to two per cent; and TCS for sellers of alcoholic liquor, scrap and minerals is rationalised to two per cent. en-us Sun, 01 Feb 2026 13:46:03 +0530 Sun, 01 Feb 2026 13:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69409 Under the Liberalised Remittance Scheme, remittances exceeding Rs 10 lakh for education or medical treatment will attract TCS at two per cent (down from five per cent), while non-education/medical remittances remain subject to a higher TCS rate. Separately, TCS on overseas tour programme packages is fixed at two per cent without an amount threshold; TCS on tendu leaves is reduced to two per cent; and TCS for sellers of alcoholic liquor, scrap and minerals is rationalised to two per cent. News - Sun, 01 Feb 2026 13:46:03 +0530 https://www.taxtmi.com/news?id=69409