June, 2023 – Issue No. I

INCOME TAX

Circular 6/2023 dated 24.5.2023 was issued clarifying the provisions relating to charitable and religious trusts.
Frequently Asked Questions (“FAQs”) w.r.t. Tax Collection at Source (TCS) [Section 206C of Income Tax Act] on foreign remittance through the Liberalized Remittance Scheme was issued.

The Indian Tax Advisors