Friday, 1 April 2022

CBDT exempts non-resident individuals visiting India from tax collection on LRS remittance and overseas tour program package

 This Tax Alert explains Notification dated 30 March 2022  issued by the CBDT which exempts individuals, not resident in India (NR) as per the provisions of Income Tax Laws and visiting India, from tax collection at source (TCS) on foreign remittances made under Liberalized Remittance Scheme (LRS) and for purchase of overseas tour program package (OTPP).

No comments:

Kolkata ITAT holds Husband's HUF not falling in the definition of ‘Relative’ of a Wife for gift-tax purposes under Income-tax

  Kolkata Tribunal has recently ruled that HUFs cannot be treated as “relatives” under the gift-tax provisions of the Income-tax Act, thereb...