TCS on remittance out of India and on overseas tour programme package [ Section 206C(1G) ]

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....g an authorised dealer, who receives an amount, for remittance out of India [Omitted by FA, 2023, w.e.f., 01-07-2023] from a buyer, being a person remitting such amount out of India [Omitted by FA, 2023, w.e.f., 01-07-2023] under the Liberalised Remittance Scheme of the Reserve Bank of India; * (b) being a seller of an overseas tour programme package, who receives any amount from a buy....

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....nbsp; (ii) LRS for Medical treatment/ education other than financed by loan mention above (i) [ Second Proviso ] Nil upto Rs 7 lakh 5% above Rs 7 lakh Nil upto Rs 7 lakh 5% above Rs 7 lakh Nil upto Rs 10 lakh 5% above Rs 10 lakh (iii) LRS for other purposes [ Second Proviso ] Nil upto Rs 7 lakh 5% above Rs 7 lakh Nil upto Rs 7 lakh 20% above Rs 7 lakh Nil upto Rs 1....

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....; in a financial year and is for a purpose other than purchase of overseas tour programme package and is for the purposes of education or medical treatment" [Amended by FA, 2023, w.e.f., 01-07-2023] [ First Proviso of Section 206C(1G) ] * The authorised dealer shall not collect the sum, if the amount or aggregate of the amounts being remitted by a buyer is less than Rs. ....

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....ii) the Central Government, a State Government, an embassy, a High Commission, a legation, a commission, a consulate, the trade representation of a foreign State, a local authority as defined in the Explanation of section 10(20) or any other person as the Central Government may, by notification in the Official Gazette, specify for this purpose, subject to such conditions as may be specified t....