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Did Budget impact your overseas investment plans? Harshvardhan Roongta explains
“Now if you were to remit say $10,000, 20% of that will be collected as tax at source and $8,000 will be remitted. That $2000 will be adjusted against your tax liability on the income in India or you will get a refund after you file your income tax returns. Earlier only 5% TCS was collected. Now a larger portion of your money is going to get blocked.”