Apki Khabar Apka Fayda: What will be the changes in TCS from October 1?

TCS: The government has announced to implement the new rule of TCS from October 1 under the Liberalized Remittance Scheme. Earlier it was being speculated that this rule would come into effect from July 1 but the government has decided to give time due to operational issues. According to this new rule, there will be no change in the rate of TCS on payment for all foreign travel tour packages.