Methods for Cleaning
Dish Soap with Warm Water
Using Mild Cleaning Agents
To clean Wheels and Casters
When individuals transfer money abroad for purposes such as remittances, travel expenses, asset acquisitions, shopping, and investments, they may encounter a tax called Tax Collected at Source (TCS). While TCS for education and medical remittances remains at 5% for amounts exceeding ₹7 lakhs, the new 20% TCS rate will come into effect on 1 October 2023. Taxpayers can claim TCS deductions as refunds or credits when filing their income tax returns, which can help reduce their tax liabilities. In the 2023 Union Budget, the TCS rate for most remittances, except for those related to medical and educational expenses, increased from 5% to 20%. Effectively managing tax responsibilities in cross-border transactions requires a deep understanding of TCS. For education and medical expenses exceeding ₹7 lakhs, the TCS rate remains at 5%. The TCS rate has surged from 5% to 20% for all remittances, except those linked to education or medical treatment. This includes any funds sent abroad.
Threshold limit is Nil up to Rs.7 lakhs, 5% of the amount or the aggregate amount over Rs.7 lakhs per financial year.
Threshold limit is up to Rs.7 lakhs 0.5% of the amount or the aggregate amount over Rs. 7 lakhs per financial year.
The Threshold limit is Nil up to Rs.7 lakhs, 5% of the amount or the aggregate amount over Rs.7 lakhs per financial year.
TCS Rate applicable from 1st Oct 2023
5% up to Rs. 7 lakhs, 20% of the amount or the aggregate amount over Rs. 7 lakhs per financial year.
The Threshold limit is Nil up to Rs.7 lakhs, 20%of the amount or the aggregate amount over Rs.7 lakhs per financial year
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