Budget 2020 has proposed to insert Sub-Section 1G and 1H to Section 206C to expand the Scope of TCS for following transactions; A) Foreign remittance through Liberalized Remittance Scheme (LRS)B) Sale of overseas tour packageC) Sale of goods over a limit. Liberalized Remittance Scheme (LRS) - Section 206C (1G) An authorized dealer (AD Bank) receiving an amount or an aggregate of amounts of......