You need to pay TCS 20% starting from 1st July 2023
TCS can be claimed back, similar to TDS, when filing your tax return, *TCS serves as an advance tax*
Following things u need to pay TCS
🔶Traveling abroad
🔶Investing internationally
🔶Education- *Self paid 5% TCS, Through Loan 0.5%*, Need to give proof
🔶Purchasing assets
Even shopping through Credit card/Debit card, You need to pay TCS
On a lighter note, if you cancel your trip abroad, TCS amount will still be blocked
Regards Vijayakumar
Managing Director
Click4mf pvt ltd
98840-76737
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