Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are both tax-related concepts in…
Tag: Remittance
Can I remit more than $250,000 abroad?
I need to send some money abroad (in excess of $250,000) as a monetary help to…
India’s low current account deficit may not be good news
India’s current account deficit came down to 0.2% of GDP in the fourth quarter (January-March 2023)…
What is the goal?
It is a matter of relief that the government has decided to defer the implementation of…
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…
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.…
Why global portfolio diversification still matters to investors
Much has been said about how Indians have traditionally had a huge ‘domestic bias’ in their…
explained | Lebanon’s economic slowdown and why people are robbing banks for their own money
Lebanon’s financial system has been paralyzed since 2019 and the Lebanese pound has lost nearly 95%…
Impact of pandemic on remittances
Over the years, Gulf countries have been one of the largest sources of remittances to India.…