Getting started
What is tcs?
Tax collected upfront when you send money abroad, which you can claim back.
Explained in more detail
TCS stands for tax collected at source. It is not an extra tax. It is collected by your bank before the money leaves and is adjustable against your income tax when you file your return, so a refund is possible if you overpaid.
An example
For instanceRemitting more than ₹10 lakh in a year for investment attracts TCS on the excess.
Why this matters to you
You will meet this word in broker apps, company results and market news. Knowing what it means is not the goal on its own. The goal is being able to judge whether a number is good or bad for the investment you are actually holding.
On AlphaVik, any time tcs appears in a view or a lesson, you can hover or tap the word and this explanation comes with it. You never have to leave the page to look something up.