Category: Finance
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TCS on Foreign Tour Packages 2025 Explained: New Rules, Refund Tips, and Smart Ways to Save
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You’ve picked your dream destination, scrolled through flight deals, and found a tempting tour package – but before you lock it in, there’s one number that can quietly inflate your travel bill: TCS, or Tax Collected at Source. It’s not a new rule, but in 2025, it’s one you can’t afford to ignore. Let’s break…
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FEMA Guidelines for Foreign Remittances: 7 Key Differences Between Gift and Education Remittances
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Indians today send money abroad for many reasons, paying a child’s tuition, supporting relatives, or offering gifts. Each of these transfers, however ordinary, is bound by the FEMA guidelines for foreign remittances, which define limits, procedures, and reporting rules. Two common purposes for sending money abroad are gifts and education. Both are allowed under the…
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![How to Avoid TCS on Foreign Remittances in 2025 [Slabs, Exemptions, Refund Explained]](https://new-dev.moneyhop.co/blog/wp-content/uploads/2023/10/Artboard-1.png)
How to Avoid TCS on Foreign Remittances in 2025 [Slabs, Exemptions, Refund Explained]
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Think you have no choice but to pay 20% extra on foreign transfers? Think again. Many Indians today are looking for ways to legally avoid 20% TCS on foreign remittances, understand refund eligibility, and make the most of LRS exemptions under the new 2025 rules. This guide simplifies everything from tax slabs and exemptions to…
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Gift Remittances vs Donations: Key Differences You Must Know (2025)
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Sending money abroad as a gift feels simple you transfer funds, and your loved one receives them. But here’s the catch: when you donate to a charity, it may look similar, yet regulators and tax authorities treat these two transfers very differently. Mixing up gift remittances vs donations can mean missed tax benefits or compliance…
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Monthly vs Lump Sum Gift Remittances – Which Works Better for Families (2025)
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Families often debate whether monthly vs lump sum gift remittances make more sense. A single transfer usually cuts down on repeated bank fees, while monthly payments spread out exchange rate risk and match routine expenses abroad. The smarter choice depends on whether cost savings or steady cash flow matters more for the family. What This…
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ICICI Bank Charges for International Transactions (2025) – What You Really Pay & How to Save
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Understanding ICICI Bank charges for international transactions is essential for anyone who receives or sends money across borders. Transfers include multiple cost layers beyond a single transfer fee, including bank service charges currency conversion markups and intermediary deductions. This article sets out the outward remittance fee structure that ICICI publishes, the way conversion margins affect…
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Understanding TCS on Gift Remittances in India 2025: Rules, Thresholds, and Refund Process
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Sending money abroad as a gift is one of the most heartfelt ways to support family members or celebrate special occasions. With new regulations now in place, it is important to understand how TCS on gift remittances works under the RBI’s Liberalized Remittance Scheme (LRS). From 1 April 2025, gift remittances fall under Section 206C(1G)…
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Gifting Money Abroad vs. Carrying Cash: Which Is Better in 2025?
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Sending money overseas as a gift has become common, whether for family, friends, or special occasions. Yet one question keeps coming up: is it better to carry physical cash yourself or send it through a regulated transfer? At first, carrying cash seems simple: just withdraw, pack, and hand over. But once you factor in border…
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How to Send Gift Money from India to Europe in 2025: The Complete Expert Playbook
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For decades, sending money across borders meant paperwork, hidden charges, and uncertainty. Today, the story has changed. If you want to send gift money from India to Europe, the process is faster, digital, and tightly regulated to ensure transparency and safety. This guide unpacks every step from the latest RBI rules to practical tax insights…