Now the question here is, if England was present in the US and ruled India for around 100 years, how did we escape the Private Central Reserve and have a government Reserve Bank which we proudly call as the Reserve Bank of India. This revolution happened because a guy submitted his PhD thesis to the…
Tag: RBI
revenue tax: How tax will likely be collected at supply from people on these transactions from Oct 1
From October 1, 2020, tax will likely be collected at supply from people for international remittances made by means of the Liberalised Remittance Scheme (LRS) and for getting international journey packages. TCS or tax collected at supply will likely be leviable on these transactions/funds if they’re above specified limits as per part 206C(1G) of the…