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The Ministry of Finance has issued Circular No. 10 of 2023 dated 30.6.2023, vide F. No. 370142/23/2023-TPL, to remove difficulty in implementation of changes relating to Tax Collected at Source (TCS) on Liberalised (LRS) Remittances and on purchase of Overseas Tour Package.
The said Circular contains Eight FAQs addressing all practical nuances of the practical implementation of the amended TCS provisions in respect of LRS Remittances and Overseas Tour Packages.
Team TaxAaram takes pride in sharing that all the 8 FAQS are in complete allignment with the insights and inputs shared by our Founder Director Shri Mayank Mohanka, FCA on various knowledge platforms like FEDAI, Mint, Money Control, Outlook India, Taxmann & TaxAaram.com.
For ready reference of our Readers, the said Circular No. 10 of 2023 dated 30.6.2023 is being shared and enclosed as per pdf file below.
