Sending money abroad for education? Watch out for these errors to avoid 20% TCS

The higher rate of TCS will not apply to education expenses incurred abroad. But parents must be careful about the fine details of TCS while remitting money for overseas education. In case of any carelessness, they would end up paying a hefty amount of TCS on their spending. Here the things to keep in mind while sending money abroad for education.

from Tax-Wealth-Economic Times https://ift.tt/i5sIGl2