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Ease of Living and Simpler Compliance: Direct Tax Reforms Lead Budget 2026-27

The Union Budget for the Financial Year 2026-27 was presented by Finance MinisterNirmala Sitharaman in the Lok Sabha today (Sunday, 1 February 2026)....

Budget 2026: Govt Slashes TCS on Foreign Tours, Education Remittances to 2% [Read Finance Bill 2026]

Union budget 2025 - Budget 2025 Highlights - Budget 2025 India - Union Budget 2025 TCS Abolishment - taxscan

Union Budget 2025: FM proposes TCS Abolishment on Education Loan-Based Foreign Remittances

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1% TCS Compulsory on Sale of Luxury Goods and Motor Vehicles above Rs. 10 Lakhs w.e.f Jan 1, 2025

High Net Worth Individuals with Offshore Investments in 'Blank Cheque' SPACs under Income Tax...

RBI notifies Remittances to IFSCs under Liberalised Remittance Scheme (LRS)

The Reserve Bank of India (RBI) has notified vide notification no. A.P. (DIR Series) Circular No. 06, issued on June 22, 2023 stated the remittances to International Financial Services Centres...

RBI - RBI notifies Remittances - RBI notifies Remittances to IFSCs - IFSCs - Liberalised Remittance Scheme - RBI notifies Remittances to IFSCs under LRS - taxscan

Finance Ministry releases FAQ clarifying TCS on LRS - PART 1

The amendment of Foreign Exchange Management (Current Account Transactions) Rules, 2000 on 16th May 2023 omitting Rule 7 led to several queries. The Ministry of Finance has released the Frequently...

Finance Ministry - Releases - FAQ - Clarify - TCS - LRS - Taxscan

20% TCS on International Credit Card Transactions: All You Need to Know

In India, the months of April and May are considered vacation months, and super-rich parents or couples seek to take themselves or their children on an international journey. The travel dates as well...

TCS - International Credit Card Transactions -TCS on International Credit Card Transactions - taxscan

Policy Makers on Right Track to Curb Financial and Taxation breaches

The financial and taxation frauds are the most dreaded virus for any economic growth of any country. Whether the guilty gets the required punishment always remain a question. The best way to minimise...

PAN mandatory for sending Money abroad: Govt

The Central Government has decided to make Permanent Account Number (PAN) mandatory for remitting money abroad as the Reserve Bank of India has decided to stringent norms for Liberalised Remittance...