Understanding the nuances of the recent amendments in TCS provisions

The Union Budget 2023 has increased the TCS rate on foreign remittances made under LRS from…

Explained | Will all foreign expenses come under the ambit of tax?

For representative purposes. photo credit: erhui1979 the story So Far: proposal to levy tax in the…

Are taxpayers unknowingly giving interest free loans to the government?

Boon for the government: Recent news reports highlight a significant jump in tax collections for FY23.…

Increase in TDS revenue is a sign that compliance strategy is working

New Delhi: The Income Tax Department is increasingly collecting a higher share of tax revenue from…

Global Stocks: Small investors may have to bear the brunt of 20% TCS

Gurugram-based Prasad plans to invest 10 lakh in US tech stocks but now he is unsure.…

Foreign travel, foreign investment will become expensive

Budget 2023 has proposed an increase in Tax Collected at Source (TCS) on remittances other than…