Section 394(1); Table [Tax Collection at Source]-Remittance under Liberalised Remittance Scheme(LRS)

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Full Text of the Document

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....nbsp; Sl. No. Nature of Receipt Collector Rate of TCS 7 Remittance under the Liberalised Remittance Scheme exceeding Rs.10 lakh Authorised Dealer 2% (education/medical treatment); 20% (other purposes) Scope of the provision Applies to remittances made under the Liberalised Remittance Scheme (LRS) exceeding Rs.10 lakh. Threshold Rs.10 lakh....