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TAAI Nagpur Chapter organised a knowledge session on implementation of TCS for its members

TAAI Nagpur Chapter organised a knowledge session on implementation of TCS for its members

TAAI Nagpur Chapter organised a knowledge session on implementation of TCS for its members on 24th June 2023. Chapter Chairman Irshad Mehdi took the initiative to organise this session for the members which was conducted

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Travel agents seek review of international tour package TCS

Travel agents seek review of international tour package TCS

With days to go for the roll-out of tax-collected-at-source (TCS) on overseas tour packages using credit cards, industry bodies have written to the government flagging concerns, amid fears that domestic travel agents will be hit.

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All India Association of Authorized Money Changers & Money Transfer Agents advocates level-playing field for overseas transactions

All India Association of Authorized Money Changers & Money Transfer Agents advocates level-playing field for overseas transactions

The All-India Association of Authorized Money Changers and Money Transfer Agents has demanded inclusion of foreign currency cash, wire transfers through banks, pre-paid forex cards and other international payments into the TCS exemption ambit offered

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Credit card usage for international travel to come under tax ambit

Credit card usage for international travel to come under tax ambit

Spending in foreign exchange through international credit cards will be covered under the RBI's liberalised remittance scheme (LRS), under which a resident can remit money abroad up to a maximum of USD 2.50 lakh per

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Finance Minister addresses the issue of bias on account of TCS

Finance Minister addresses the issue of bias on account of TCS

Speaking in the Lok Sabha today, the Finance Minister  stated, “It has been represented that payments for foreign tours through credit cards are not being captured under the Liberalised Remittance Scheme (LRS) & they escape

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IATO hails Govt decision to scrap TCS on sale of overseas tour packages to foreign tour operators

IATO hails Govt decision to scrap TCS on sale of overseas tour packages to foreign tour operators

IATO expresses its sincere gratitude to the Government for withdrawing completely 5 percent Tax Collection At Source (TCS) charged on sale of overseas tour packages to foreign tour operators. The same was earlier withdrawn only

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