TCS on LRS Remittances - The 7 Lakh Exemption Limit Restored

The government has changed the TCS rules, just two days before there was a verse to kick in. The 7 lakh exemption limit below which TCS on LRS remittances does not apply has been brought back. Shippra: It seems that our previous podcast discussion has been heard by the right leaders and majority of those discrepancies have been fixed.