Exporters likely to be exempted from ‘Tax at Source’

The budget proposal said that a seller of goods has to deduct TCS at the rate of 0.1% before making payments in excess of Rs 50 lakh. In cases where the buyer doesn’t have PAN or Aadhaar — which is the case with exports — the rate will be 1%.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2Uikx6D