Rs 7 lakh combined threshold for calculating TCS: Finance ministry

The finance ministry Friday clarified the threshold of Rs 7 lakh for the liberalised remittance scheme is the combined level for calculating tax collected at source (TCS), irrespective of the purpose of remittance such as medical treatment and education.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TBS3yF1

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