Tuesday, October 10, 2023

Where to check if TCS was deducted on foreign travel and other transactions?

All foreign payments except for medical and education purposes will attract a 20% tax collected at source (TCS). However TCS is not an additional income tax. Further the TCS amount so deducted can be used by an individual to adjust his/her net tax liability. Read below to know where the TCS amount so deducted can be seen.

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

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