TCS on Foreign Remittances - NRI Applicability

Video briefly explains the applicability of TCS (Tax Collected at Source) on Foreign Remittances by NRIs / PIOs / OCIs living abroad or by their family members living in India.

[sudarshansingh]

Thank you for such an informative video. Could you please tell me where I could find such an exemption to NRI. Because I did not find it in section 206C(1G)

[tamiltholaikatchi]

Thanks for the video 🙏
If my parents want to gift money to me from India, can they wire transfer directly to US bank instead of depositing in NRO? Or is it mandatory to always deposit in NRO account for NRI kids?

[digitalwireframe]

Hello, i have one doubt. I just started my trading firm recently, we deal in comodity market over the globe. My company is located in canada and uk. If i send funds around 1 cr in a year or more than that, will this TCS applicable? Because we get only 1 ot 1.% commissions on trades. So please help me out with this issue.

[amolrakheja]

Please advise the process of Transferring money from NRO account to bank account in USA

[nikonlakul]

Kindly advice do NRI need to pay tax on foreign income which has not been paid tax at income generating country? Money I receive in my NRE account and if yes then how to pay tax?

[prateekjain]

Does it applys on individual residents only or on corporates also ?

[aswininayak]

How to transfer from NRO to NRE? Is it possible?

[workforprofits]

Please confirm. Will my dad (tax payer ) get taxed if he sends me money as a gift? I am an NRI

[kw]

If the IT department wants to track non filers, they can deduct just Re. 1 . Why 5 percent ? Lame excuse. Refunds can take very long and may also involve some Middle men and greasing of dirty palms. LOL.