https://www.taxtmi.com/forum/issue?id=121161 A private discretionary trust created under a will proposes remittances of current income to NRI beneficiaries under the Liberalised Remittance Scheme. The bank has indicated TCS at 20% on qualifying remittances, while the trust's effective tax liability is estimated to be lower. The issue is whether nil or reduced TCS may be obtained, or whether collection may be limited to the trust's effective tax liability. en-us Sat, 03 Oct 2026 15:02:44 +0530 Sat, 03 Oct 2026 15:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121161 A private discretionary trust created under a will proposes remittances of current income to NRI beneficiaries under the Liberalised Remittance Scheme. The bank has indicated TCS at 20% on qualifying remittances, while the trust's effective tax liability is estimated to be lower. The issue is whether nil or reduced TCS may be obtained, or whether collection may be limited to the trust's effective tax liability. Discussion-Forum Income Tax Sat, 03 Oct 2026 15:02:44 +0530 https://www.taxtmi.com/forum/issue?id=121161