Thomas Cook has a stock of every Malaysian Ringgit currency exchange product that is available in the market and the foremost priority is customer satisfaction that we get by facilitating them with the most convenient and hassle-free services.
The rates keep changing with time and customers have the flexibility to easily sell or buy the forex exchange depending on the Malaysian Ringgit rate that is prevalent in the market. The Malaysian Ringgit rate in India today keeps varying and is not fixated in nature. The exchange of Malaysian Ringgit across India is conveniently available. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit. In the event of cancellation of services and refund of amount, Tax collected at source under section 206C(1G) of the Income Tax Act, 1961 shall not be refunded. The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit.
7,00,000 in a financial year for remittance out of India under the Liberalised Remittance Scheme of the Reserve Bank of India. Further TCS under section 206C(1G)(a) of the Income-tax Act, 1961 at the rate of 5% will be collected if the aggregate amount exceeds Rs. Tax Collection at Source (TCS) at the rate of 5% will be levied under section 206C(1G)(b) of the Income Tax Act on outbound tour services. This blocked rate will be valid for 2 working days.
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