Tax Collected at Source (TCS) applies to specified foreign remittances exceeding prescribed thresholds under the Liberalised Remittance Scheme (LRS). Overseas investments, foreign property purchases, and other remittances may attract TCS at applicable rates. Understanding TCS applicability, exemptions, and documentation requirements is important for tax planning and FEMA compliance.
From April 1, 2026, Form 15CA is replaced by Form 145, changing how Indians send money abroad under new compliance rules. Here’s how Rs 5 lakh and Rs 10 lakh limits work, and what 20% TCS means for your overseas…
info@sriyaent.com
+91 9825375241