alleryStart learning →TCS on remittance under the Liberalised Remittance Scheme starts above what yearly amount?
ARs 10 lakh
BRs 7 lakh
CRs 25 lakh
DRs 5 lakh
Answer & Solution
Correct answer: A. Rs 10 lakh
No TCS applies under section 206C(1G) when the amount remitted in a financial year is below Rs 10 lakh.
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