Budget 2026: TCS cuts on LRS, tour packages to ease upfront cash outgo
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that dropping the TAN requirement eases compliance for buyers of property from NRIs, since they no longer need a one-time registration and quarterly filings for what is usually a single deal.
More of Abhishek's views on money management
The article explains Budget 2026-27 proposals to lower tax collected at source on overseas remittances for education and medical treatment and on foreign tour packages. It also covers a change letting resident buyers of property from NRIs deduct TDS using their PAN instead of a separate TAN.
Publisher source
Budget 2026: TCS cuts on LRS, tour packages to ease upfront cash outgo