Arrey, my nephew went to study in Canada, so I know this headache—they deduct 20% TCS on remittances above ₹7 lakhs in a year under LRS, but you can reclaim it by filing your ITR. But the obvious answer says to plan and stay within the limit, no? Last month, I sent money for his books and accidentally crossed the limit because I forgot my own small bindi sale was counted—saving for that water purifier feels farther now!
#money#career
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