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

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.... Nature of Receipt Collector Rate of TCS 7   Remittance under the Liberalised Remittance Scheme of an amount or aggregate of the amounts exceeding Rs.10 lakh Authorised dealer (a) 2% for purposes of education or medical treatment; (b) 20% for purposes other than education or medical treatment Scope of the provision Applies to remittances m....