Tag TCS
TCS Rates for LRS and Overseas Tour Packages Postponed Until Oct 1
How to Avoid 20% TCS on Overseas Tour Packages Starting July 1
No 20% TCS On International Card Transactions up to Rs 7 Lakh
Foreign Travel to Become More Expensive As Govt to Levy 20% TCS From July 1
US EB-5 Visa Costs May Increase By $120,000 From July 1
Indian Govt Exempt 5% TCS On Foreign Tour Packages Sold To NRIs
The government of India said that it has exempted tour operators from collecting taxes from Non-Resident Indians (NRIs) who visit India and book an abroad tour package through any Indian tour operator or travel agent. As per the previous tax rules,…
5% TCS On Foreign Remittance To Buy Tour Packages From Oct 1
Starting October 1, 2020, any amount remitted abroad to buy foreign tour packages, and any other foreign remittance made above ₹ 7 lakh, will now attract TCS ( Tax-Collected-at Source) unless the tax is already deducted at source (TDS) on…
Travel and Tourism Industry May Take 9 Months to Resume Business Activities After Lockdown
According to the Travel Agents Association of India (TAAI) the travel & tourism industry might take at least 9 months to bounce back to normalcy after the lockdown is lifted and the world opens up completely. Jyoti Mayal, President, Travel…
Foreign Travel, Tour Packages and Remittance to become costly from April 1
Are you planning to enjoy an exotic abroad trip or plan to study abroad? Here maybe a piece of bad news for you, your dream to enjoy an exotic holiday or study abroad will soon become costlier. As per the…