The Finance Act 2020 has implemented new provisions for collecting tax at source, otherwise known as TCS, on foreign transactions from October 1, 2020. Foreign remittance means outward fund transfers or money outside India. The new tax does not apply to inward remittances. The imposed TCS will not apply if the tax is deducted at...
Is GIC mandatory for a Canadian student visa? How to apply? GIC has become more relevant for pursuing higher studies at universities in Canada. It symbolizes guaranteeing the Canadian government that you have sufficient funds to cover your living expenses for the first year in Canada. It is essential for easy and quick Canadian visa/study...
Laws you need to know about International Money Transfer In the present era of globalization, there is a hike in the number of overseas remittances. The internationalization of production increased in world commercial services, and e-commerce activity has led to a total increase in cross-border transfers. Moreover, factors such as migration to abroad countries, overseas...
How to apply for GIC from India for a Canadian student visa? GIC stands for Guaranteed Investment Certificate. It is a short-term liquid investment usually for up to a year given by Canadian Banks. Under the Student Partner Program (SPP) Visa, applicants must invest CAD 20,635 in a Guaranteed Investment Certificate (GIC) with an authorized...
Diwali the festival of light, it is one of the major festivals celebrated in India. Lights, candles, and the smell of delicious sweets, getting together with loved ones, and exchanging gifts are the joy of Diwali. Hindus, Jains, Sikhs, and Buddhists worldwide, including countries like the United States, Canada, United Kingdom, Australia, Sri Lanka, and...
