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    HomeNewsBusinessPersonal FinancePersonal Finance: How to adjust the TCS paid for your foreign tour against your tax outgo

    Personal Finance: How to adjust the TCS paid for your foreign tour against your tax outgo

    The enhanced tax collection at source (TCS) of 20 per cent on foreign investments, foreign tours, etc blocks your funds, and adjusting the same against taxes payable can be a challenge, unless you do it the right way.

    Khyati Dharamsi
    October 10, 2023 / 13:32 IST
    You can adjust TCS paid on overseas trip expenses against advance or self-assessment tax payable
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