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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Increase in rate of TCS of certain remittances - To promote ...

Income Tax

February 3, 2023

Increase in rate of TCS of certain remittances - To promote domestic tourism and to flow of money within India TCS rate on Overseas tour package & other foreign remittance (excluding Education and Medical purposes) has been increased to 20% from 5% earlier.

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