Tag
tcs
5 posts tagged tcs
- US Investing·
What is TCS on LRS? Tax Collected at Source on overseas remittance — complete 2026 guide
Tax Collected at Source under Section 206C(1G) is a 20 percent prepayment that authorised dealer banks levy on LRS remittances above Rs 10 lakh per financial year. Complete encyclopedic reference: rate matrix, history, Form 26AS trail, ITR credit, Form 12BAA salary offset.
- US Investing·
What is AIS and Form 26AS? Indian tax pre-fill data — complete 2026 guide
AIS is the Annual Information Statement and Form 26AS is the consolidated tax credit statement on the Indian e-filing portal. Together they hold every tax credit, financial transaction and pre-fill data point the Income Tax Department has on a taxpayer.
- US Investing·
The LRS explained: how Indians invest USD 250k/yr abroad
USD 250,000/yr limit. 20% TCS above ₹10 lakh. Form A2. Schedule FA. The Liberalised Remittance Scheme without the legalese.
- US Investing·
LRS, TCS & Schedule FA: India's compliance trifecta
Three regulations that govern Indians investing abroad. What each requires, the deadlines, the penalties — and how to stop dreading them.
- US Investing·
Sending kids to US college: the LRS + TCS + education-loan playbook for Indian parents
Complete guide to funding US college education from India. LRS $250K annual cap per parent, TCS rates by purpose (0.5% education with loan, 5% without, 20% investment), Form A2 mechanics, education loan vs direct payment, Section 80E deduction, and tuition payment logistics.