20% TCS deducted on International payment before exceeding 10 lakh threshold
Yesterday I paid 300 EUROs via HDFC outward remittance and this is my first ever foreign remittance of the year.
INR amount was 33,945 INR and 20% TCS amount of 6789 INR was charged by HDFC.
Is this a error ? Can I contact the bank ? Any solutions for this ??