Budget 2025 Update

Here are the key updates related to TCS in Budget 2025:

🔸 The threshold limit for TCS on remittances under the Liberalised Remittance Scheme (LRS) has been increased from Rs. 7 lakh to Rs. 10 lakh.

🔸 No TCS will be levied on remittances for education purposes if the funds are sourced from a loan provided by a specified financial institution.

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