The Union Budget 2023 proposed to increase the tax collection at source (TCS) for foreign remittances under the liberalised remittance scheme (LRS) from 5% to 20%.
source https://www.caclubindia.com/articles/higher-tcs-on-foreign-remittances-what-parents-need-to-know-while-sending-money-for-education-expenses-49342.asp
source https://www.caclubindia.com/articles/higher-tcs-on-foreign-remittances-what-parents-need-to-know-while-sending-money-for-education-expenses-49342.asp
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