Tcs Rates For Fy 2023-24 Pdf Download Fix May 2026

Look for Circular No. 10 of 2023 issued by the CBDT, which provides the guidelines for these revised LRS and tour package rates.

The government maintained lower rates for essential expenses. Education funded by a bank loan remains at the lowest tier of , while self-funded education and medical travel remain at 5% after the ₹7 Lakh threshold. 🛍️ Sale of Goods (Section 206C(1H)) tcs rates for fy 2023-24 pdf download

If you are a "Specified Person" (someone who hasn't filed their ITR for the previous year and has a high TDS/TCS credit), the rates mentioned above may be or charged at 5% , whichever is higher, under Section 206CCA. To help me provide the most relevant information, Look for Circular No

To keep a copy of these rates for your accounting or tax filing records, you can typically find the official circulars on the . Education funded by a bank loan remains at

There were no changes to the TCS on the sale of goods. It remains at for sellers whose turnover exceeds ₹10 Crore and where the sale consideration from a single buyer exceeds ₹50 Lakh in a year. 📁 TCS Rates for FY 2023-24 PDF Download

Below is the detailed classification of TCS rates based on the nature of the transaction and the timing. Nature of Payment Rates up to Sept 30, 2023 Rates from Oct 1, 2023 Threshold Limit 5% (without threshold) 5% up to ₹7 Lakh; 20% thereafter Nil (for 5% rate) LRS: Education (via Loan) Above ₹7 Lakh LRS: Education (Self-funded) Above ₹7 Lakh LRS: Medical Treatment Above ₹7 Lakh LRS: Any other purpose (Investment/Gift) Above ₹7 Lakh Sale of Goods (Sec 206C(1H)) Above ₹50 Lakh Sale of Scrap Sale of Motor Vehicle Above ₹10 Lakh Tendu Leaves 💡 Key Changes & Exemptions ✈️ Foreign Remittances under LRS