TaxTMI 
TaxTMI 
Nil Tax Collection at Source on LRS can apply
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....il Tax Collection at Source on LRS can apply<br>Query (Issue) Started By: - PRIYAM KHAMBHATA Dated:- 3-10-2026 Income Tax Got 0 Replies <br> Income Tax<br>Respected Sir A private discretionary trust c....
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....reated through a `Will', who will be planned to remit the funds more than Rs.10 L out of its current income to it Beneficiaries (NRI). Bank Authority is stated that TCS would be collect on LRS @....
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.... 20%. A private discretionary trust net Effective Tax Liability would be @ 5% approx. on total income. In this position, what should to do by a Private Discretionary Trust for less Tax collect....
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....ion at source or to the extent of effective tax liability. Please guide me.<br>***<br> Discussion Forum - Knowledge Sharing ....