Hi guys 👋 in this blog let's see about the remittance of an Overseas tour package the provisions is applicable authorised dealer who receives amount under liberaised remittance scheme of they RBI seller of an overseas tour package program tags has to be collected at the time of debiting the amount payable or at the time of receipt which have a sear layer TCS rate is 5% applicable for other collection by authorised dealer other collections means other than two package program up to rupees 7 lakh irrespect to of the nature of collection is Nil wear the amount a remitted exceed RS 7 lakh 5% of the amount exceeding for 7 lakh where the remittance is toward a loan obtained from any financial institution for the purpose of pursuing And Higher Education and the quantum of remittance exceed RS 7 lakh 0.5% of the amount are aggregate of amount exceeding the ground rule always not TCS if there is TDS for that provisions section 2 not 6 sale of goods of value exceeding 50 lakh provisions of clip publicable for seller who's gross turnover or gross receipt acid rupees 10 crore during the immediately preceding financial year provisions is applicable for a seller who received any amount as consideration for sale of goods exceeding 50 lakh in the previous year TDS of the consideration where the buyer fails to provide Pan or other then taxes required to be collected data twice the rate or 1% higher it is not applicable if the wire is government local authority Ambaji and any person important goods into India hence it is understood that this provision is not applicable for local purchase in Port on not considered clarifications provided by circular on transaction carried out through stock exchange TCS provisions shall not be applicable in relations to transactions in security and commodities carried out through recognised Stock Exchange including those locator in IFSC transaction in electricity renewable energy certificate energy serving certificate traded through power exchange applicability in case of sale of motor car there are two which cover provisions where the sale is made by the manufacturer or any other person to a dealer of car then two not six one f is not applicable hence in such cases becomes applicable. Hope my blogs are useful to you all like my blogs and share with your friends. 
Thank you 😁 
Keep supporting!!!
Meet you soon with another blog!