Tag: managing finances
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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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Refund of TCS on Foreign Remittance 2025: Complete and Trusted Guide
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If you paid TCS when sending money abroad, you may be eligible to get it back. The refund of TCS on foreign remittance is a legal right and not a technical loophole. This guide explains the rules, eligibility, documentation, timelines, real scenarios, and the exact process step by step. The intent is simple. You must…
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Best Time to Send Money Abroad: Save Big on Gift Remittances (2025)
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If you have ever tried sending money abroad, you know the timing can be frustrating. One day the rate looks fine, the next day it has slipped, and suddenly the amount your family receives is not what you expected. Parents paying tuition or relatives sending gifts for weddings or festivals often feel this pinch a…
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Top 10 Myths About International Money Gifts Busted
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When you send money across borders out of love or generosity, many assumptions swirl around international money gifts. Some are harmless, others expensive, and some even illegal. If you believe any of the myths below, you could face surprises: unexpected taxes, delays, or regulatory headaches. This article dispels the top 10 myths about international money…
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How to Pay University Fees in the UK from India in 2025: The Most Reliable and Cost-Efficient Guide
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The United Kingdom remains a preferred education hub for Indian students due to globally recognized universities, industry-linked programs, Graduate Route work rights and strong research outcomes. The financial journey begins well before you land in the UK. You must know exactly how to pay university fees in the UK from India without delays, unexpected charges…
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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…