Author: Anil R Tikotekar
Remittances for travel and incidental expenses related to education, medical treatment to attract same TCS rate as that on education and medical treatment
Clipped from: https://www.thehindubusinessline.com/economy/remittances-for-travel-and-incidental-expenses-related-to-education-medical-treatment-to-attract-same-tcs-rate-as-that-on-education-and-medical-treatment/article66866655.ece Rates of TCS vary between 0.5 to 20 per cent and aAn Indian resident can remit up to $2,50,000 under LRS Parents who
Liberalised Remittance Scheme not to cover business visits of employees abroad: Finmin
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-economy/liberalised-remittance-scheme-not-to-cover-business-visits-of-employees-abroad-finmin/article66867188.ece Payment made in dollar using card in India to attract TCS at 20% Making online purchasesin India from companies located abroad where money
Credit card forex payments under LRS: You have to pay 20% TCS on these transactions from July 1, 2023
Read more at:https://economictimes.indiatimes.com/wealth/spend/20-tcs-on-credit-card-forex-payments-from-july-1-to-come-under-lrs-how-it-will-impact-you/articleshow/100327402.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Clipped from: https://economictimes.indiatimes.com/wealth/spend/20-tcs-on-credit-card-forex-payments-from-july-1-to-come-under-lrs-how-it-will-impact-you/articleshow/100327402.cms Synopsis Credit card spending in a foreign currency will now be a part of LRS’s annual limit of $2,50,000 per
Service Tax Demand and Penalty u/s 78 of Finance Act not valid in Absence of Corroborative Evidence: CESTAT
Read More: https://www.taxscan.in/service-tax-demand-and-penalty-u-s-78-of-finance-act-not-valid-in-absence-of-corroborative-evidence-cestat/277775/ Clipped from: https://www.taxscan.in/service-tax-demand-and-penalty-u-s-78-of-finance-act-not-valid-in-absence-of-corroborative-evidence-cestat/277775/ The Kolkata bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that service tax demand and penalty under section 78 of the Finance