Increasing rate of TCS of certain remittances

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..... TCS on foreign remittance through the Liberalised Remittance Scheme and on sale of overseas tour package. 2. In order to increase TCS on certain foreign remittances and on sale of overseas tour packages, amendment is proposed in sub-section (1G) of section 206C of the Act. 3. The current and proposed TCS rates are tabulated as under: S. No Type of remittance Present rate* Proposed rate* .....

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