BitcoinNews on Nostr: India to introduce 20% tax on remittances Sending money abroad is about to pinch more ...
India to introduce 20% tax on remittances
Sending money abroad is about to pinch more after Finance Minister Nirmala Sitharaman proposed to collect tax at source at 20%, under the Liberalised Remittance Scheme (LRS) of the RBI, without the applicability of any threshold limit. The amendments will come into effect from July 1, 2023. - India Times
Sending money abroad is about to pinch more after Finance Minister Nirmala Sitharaman proposed to collect tax at source at 20%, under the Liberalised Remittance Scheme (LRS) of the RBI, without the applicability of any threshold limit. The amendments will come into effect from July 1, 2023. - India Times