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Foreign Exchange Management Act

Tax Implications On Forex Transactions – TCS On Remittances Outside India

Forex Transactions is a term which leads to transferring funds from one country to another. There could be various reason like personal as well as business-related reasons due to which funds are required to be remitted abroad. Now in this article we will understand what the tax implications on Forex transactions are? What is the process for paying tax on Forex transactions? What exactly is Liberalized Remittance Scheme? Let’s go… Read More »Tax Implications On Forex Transactions – TCS On Remittances Outside India