The foreign exchange Industry has expressed serious concerns about the applicability of 20% Tax Collection at Source (TCS) under the Liberalized Remittance Scheme (LRS) effective from July 1, 2023. On 19th May, 2023, Ministry of Finance clarified that transactions conducted overseas using debit and... (more)
May 26, 2023 10:01 IST
The All India Association of Authorised Money Changers & Money Transfer Agents
