Tag: TCS on foreign remittance
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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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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 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…
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How to Send Gift Money to Canada from India in 2025 – The Complete Guide
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Every act of giving tells a story. For Indians with loved ones in Canada, one of the most meaningful ways to show support is to send gift money to Canada. Whether it’s for a milestone celebration, a study expense, or an emergency aid, the transfer matters emotionally and financially. In this guide, you’ll learn exactly…
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How to Send Gift Money to the UK from India – Fast, Legal & Low-Cost (2025)
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When you send gift money to the UK, it’s not merely a transaction; it’s a gesture of connection. Whether you’re helping your daughter begin her life in London, celebrating a sibling’s achievement, or sending love across continents, the intention is deeply personal. But the question remains: how do you send gift money to the UK…
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Best Ways to Send Gift Money to New Zealand from India (2025 Guide)
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Looking to send gift money to New Zealand from India? Whether it’s for a birthday, wedding, festival, or simply to show love from afar, Indians are increasingly remitting funds as gifts to family and friends in New Zealand. With the rise of digital remittance platforms, sending gift money to New Zealand from India has become…
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TCS Threshold Limits on International Remittances Explained: Your 2025 Complete Guide to Save Smartly
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What Are TCS Threshold Limits on International Remittances? If you’re planning to send money abroad in 2025, understanding the TCS threshold limits on international remittances is a must. Think of TCS (Tax Collected at Source) as a guardrail: it ensures large foreign transactions are tracked and taxed appropriately. Under Section 206C of the Income Tax…