How 20% TCS will Affect Your Overseas Stock Holdings and Cryptocurrency as of October 1

Those who spend more over Rs 7 lakh in a fiscal year on international equities, mutual funds, or cryptocurrencies will have to pay extra TCS.

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This law imposes a 20% TCS on all international transfers, including investments in foreign equities, mutual funds, cryptocurrencies, and real estate.

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TCS is an additional sum collected by a seller as a tax on specified items from purchasers at the time of sale and sent to the government account.

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