Author: Karthik
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Student Visa Services: 10 Top Must Know Consultants In Bangalore
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The number of students pursuing education abroad is on the rise and it is expected to reach 1.8 million by 2024. This surge can be attributed to the growing class and increased exposure to travel opportunities, which have led students to seek out institutions for their excellent programs, technological advancements and research prospects. Furthermore, financial…
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Understanding the TCS Threshold Limits On International Remittances
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Tax Collected at Source (TCS) refers to a tax that is collected by an entity for making payments, such as a bank or a forex company. This tax is then deposited with the government on behalf of the payee. TCS applies to a variety of transactions, including foreign remittances. In India, there is a limit…
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Refund Of TCS On International Remittance – The What & How!
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Overview of TCS In the Union Budget that Finance Minister Nirmala Sitharaman presented in February 2023, there were some changes related to finance. One key addition was the introduction of the New Tax Regime and another significant development was the implementation of Tax Collected at Source (TCS) for transactions. Section 206C of the Income Tax…
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All You Need To Know About PAN & Aadhar Linking
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In the realm of identity, individuals who are applying for a new PAN Card can conveniently link it with their Aadhaar Card automatically. For those who already possess PAN Cards issued prior to July 1, 2017, they now need to link the two cards using the Link Aadhaar service, which is open to all individual…
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All You Need To Know About TCS On International Money Transfers
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Overview of TCS and LRS TCS, which stands for Tax Collected at Source, refers to the tax collected by the government when a payment is made. When it comes to foreign remittances, banks or other financial institutions that facilitate the remittance are responsible for collecting TCS. On the other hand, the Liberalized Remittance Scheme (LRS)…