Tag Archives: Amendment

Finance Bill 2020 Proposes Amendment To Levy 5% Tax On Overseas Remittance

Finance Bill 2020 Proposes Amendment To Levy 5% Tax On Overseas Remittance

TCS can be adjusted against final tax liability and is designed to get persons to file tax returns. New Delhi: The Finance Bill 2020 has proposed an amendment to Section 206C to levy 5 per cent tax collection at source (TCS) on overseas remittance and for the sale of overseas …

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