Section 206C(1G) of the Income Tax Act: TCS on Foreign Remittances & Overseas Tour Packages (FY 2026-27 Guide) Section 206C(1G) of the Income Tax Act, 1961 requires banks (authorised dealers) and overseas tour operators to collect Tax Collected at Source (TCS) when a resident individual sends money abroad under the RBI’s Liberalised Remittance Scheme (LRS) […]