TDS, TCS rates for non-salaried payments reduced by 25 per cent till March 31, 2021

May 13, 2020

New Delhi [India], May 14 : The Union government on Wednesday announced a reduction in the rate of Tax Deduction at Source (TDS) for...

Several luxury items, including watches, sunglasses, costing above Rs 10 lakh to attract 1% Tax Collected at Source

Apr 23, 2025

Several luxury goods costing above Rs 10 lakh will now attract Tax Collected at Source (TCS) at 1 per cent.

Data available shows tax collection at source mechanism has been abused, volumes fairly substantial: CEA

May 25, 2023

Chief Economic Advisor V Anantha Nageswaran on Thursday said that data available on usage of international credit cards points out that tax collection at...

20 pc tax to be collected at source from July under remittance scheme for some items

May 18, 2023

Tax Collected at Source (TCS) under Liberalised Remittance Scheme for the sale of overseas tour packages and any other remittance (such as for bonds,...

Here's what experts say about changes made in LRS for credit cards

May 18, 2023

Tax Collected at Source (TCS) for spending through international credit cards under RBI's Liberalised Remittance Scheme on overseas tour packages and any other remittance...

TCS for international card spend exempted under RBI's remittance scheme upto Rs 7 lakh

May 19, 2023

The Ministry of Finance on Friday said it decided that any payments by an individual using their international debit or credit cards upto Rs...