{"version":"1.0","provider_name":"AKT Associates","provider_url":"https:\/\/aktassociates.com\/blog","author_name":"CA Arun Tiwari","author_url":"https:\/\/aktassociates.com\/blog\/author\/arunsir\/","title":"Understanding the New 20% TCS Provision on Remittance Abroad: What You Need to Know","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"WgfswEE3Bb\"><a href=\"https:\/\/aktassociates.com\/blog\/the-new-20-tcs-provision-on-remittance-abroad\/\">Understanding the New 20% TCS Provision on Remittance Abroad: What You Need to Know<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/aktassociates.com\/blog\/the-new-20-tcs-provision-on-remittance-abroad\/embed\/#?secret=WgfswEE3Bb\" width=\"600\" height=\"338\" title=\"&#8220;Understanding the New 20% TCS Provision on Remittance Abroad: What You Need to Know&#8221; &#8212; AKT Associates\" data-secret=\"WgfswEE3Bb\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n<\/script>\n","thumbnail_url":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/COMEFI1.png","thumbnail_width":500,"thumbnail_height":300,"description":"This article provides a comprehensive overview of the recent changes in the Indian tax law that introduced a new provision for 20% Tax Collected at Source (TCS) on remittance abroad. It delves into the details of the provision, explaining its implications, exemptions, and compliance requirements for taxpayers in India. The article aims to demystify the complex tax provision and provide readers with a clear understanding of its impact on remittances abroad and the necessary steps for tax compliance."}