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Reinvestment of OPI Proceeds accruing due to sale of shares acquired under ESOP
What is Overseas Portfolio Investment (OPI) ? As per the Foreign Exchange Management (Overseas Investment) Rule, 2022, “Overseas Portfolio Investment” or “OPI” means investment, other than ODI, in foreign securities, but not in any unlisted debt instruments or any...
Tax Collected at Source (TCS) under Liberalised Remittance Scheme (LRS) – (Part 2 of 2)
(with focus on Investment in listed entity overseas and GIFT City) Applicability of TCS on Overseas Investment For purposes of investment in overseas listed entities and in GIFT city ParticularsDetailsResponsibility ofcollection of TCSOn every person who is a...
Tax Collected at Source (TCS) under Liberalised Remittance Scheme (LRS) – (Part 1 of 2)
(Focus on Overseas Tour Package, Education and Medical purposes) What is Liberalised Remittance Scheme (LRS) The Liberalised Remittance Scheme (LRS) is a scheme under Foreign Exchange Management Act (FEMA) 1999 which lays down the guidelines for outward remittance...
TCS on Sale of Goods
September 10, 2020 / Income Tax, TCS, TDS
Lower Tax Deduction Certificate
Inside this Article Introduction What is Lower Tax Deduction Certificate Need for Lower TDS Application Who is Eligible to Apply Online Application Process Usage and Validity of Certificate Timeline for Application Modification of Certificate Practical Issues and...