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New Tax Rules on Remittances (TCS): Should Study Abroad Aspirants be Worried?
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On May 16, 2023, The Ministry of Finance announced an amendment to the Foreign Exchange Management (Current Account Transactions) Rules, 2000. The new rules require that the TCS (Tax Collected at Source) be increased by 4 times from 5% to 20%. This change, effective from July 1, 2023, is set to impact Indians on temporary visas in foreign countries. But will this impact those who have set sail for higher education?
Tune in to this short video to quickly find out.
Yocket is the one-stop platform for all your study abroad needs. From GRE Prep & shortlisting universities to interactive webinars & finding study abroad friends & roommates, have it all on the Yocket platform.
For all the stages of your study abroad journey, you get:
👨🏻💼 Dedicated counsellor
👨🏻🎓 Profile-building assistance
🌎 University shortlisting
🎓 Application support
📝 Documentation guidance (SOP, LOR, Essay, Resume)
💰 Loan & visa guidance
🔴 Interactive live sessions
⭐ ✨⭐ ✨⭐ ✨⭐ ✨⭐ ✨⭐ ✨⭐ ✨
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For end-to-end counselling assistance at all stages of the study abroad process, say Hi to YOCKET PREMIUM counselling. 10000+ admits. $14M scholarships received. Rated 4.7/5 on Google and 4.6/5 on Trustpilot.
Want to start your study abroad journey? Connect with our advisors using the link below.
Discover free tools on Yocket:
For your GRE Prep, do check out
Downloaded the Yocket app (Available on both Apple and Android)
Resource:
Tune in to this short video to quickly find out.
Yocket is the one-stop platform for all your study abroad needs. From GRE Prep & shortlisting universities to interactive webinars & finding study abroad friends & roommates, have it all on the Yocket platform.
For all the stages of your study abroad journey, you get:
👨🏻💼 Dedicated counsellor
👨🏻🎓 Profile-building assistance
🌎 University shortlisting
🎓 Application support
📝 Documentation guidance (SOP, LOR, Essay, Resume)
💰 Loan & visa guidance
🔴 Interactive live sessions
⭐ ✨⭐ ✨⭐ ✨⭐ ✨⭐ ✨⭐ ✨⭐ ✨
---------------------------------------------------------------------------------------------------------------------------------------------------
For end-to-end counselling assistance at all stages of the study abroad process, say Hi to YOCKET PREMIUM counselling. 10000+ admits. $14M scholarships received. Rated 4.7/5 on Google and 4.6/5 on Trustpilot.
Want to start your study abroad journey? Connect with our advisors using the link below.
Discover free tools on Yocket:
For your GRE Prep, do check out
Downloaded the Yocket app (Available on both Apple and Android)
Resource:
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