Thu, Jun 08, 2023
Understand the new TCS rate, exemptions, and guidelines for foreign remittances as per the 2023 Union Budget.
More >
Mon, May 22, 2023
Have you made a plan to go abroad and are you worried about the new TCS rules? Then don't worry as Experts in Money Guru are decoding how you can manage your foreign expenses within a budget?
Thu, May 18, 2023
The central government recently amended rules under the Foreign Exchange Management Act to bring international credit card spending under the Liberalised Remittance Scheme (LRS). As a result of the move, the spending by international credit cards will also end up attracting a higher rate of Tax Collected at Source (TCS) at 20%, effective July 1. Why your foreign trips will get costlier? How expensive has international shopping become after 20% TCS? Watch this special discussion with Deepak Dobhal.
Thu, Mar 30, 2023
From July 1 2023, sending money abroad will now be a costly affair. Union Budget 2023 proposed to raise tax collection source (TCS) for foreign remittances under the liberalised remittance scheme (LRS) from 5 per cent to 20 per cent. know which is the right option to invest abroad - Direct or Mutual fund? Know experts opinion on Money Guru.
Thu, Mar 09, 2023
Mon, Aug 22, 2022
The Foreign Exchange Management (Overseas Investment) Rules, 2022 will subsume extant regulations pertaining to Overseas Investments and Acquisition and Transfer of Immovable Property Outside India Regulations, 2015
Wed, Jun 06, 2018
The Remittance Scheme was opened up to Indian residents in 2004, wherein, parents mainly used this way to send money for payment of fees and living expenses of their kids studying abroad. Earlier, PAN was not insisted upon on current account transactions of up to $25,000.
Wed, Dec 20, 2017
About $250,000 was invested by the father-son duo in a Singapore-based company called as Meridian Tech Pte Limited which operates a micro-payment platform Ziddu.com
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
