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Tax on loans for study abroad

What are the important parameters of the TCS on foreign money transfers?A 5% tax is applicable on an amount greater than INR 7 Lakh during a financial year (not on the total amount).The new TCS provision is effective from 01 October 2020.…

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Select's editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.Personal loans have…