TBM Staff - Mumbai
The travel and tourism industry in India has expressed disappointment over the Union Budget 2024-25, which failed to address the aviation and hospitality sectors, instead concentrating solely on the development of religious circuits. Industry stakeholders
TBM Staff - Mumbai
The Travel Agents Association of India (TAAI) has conveyed its dissatisfaction to the interim budget presented by Finance Minister Nirmala Sitharaman in February. In spite of various representations on concerns of ease of doing business,
TBM Staff - Mumbai
As the new Tax Collection at Source (TCS) on foreign remittances is set to become applicable from October 1, TAAI has made a last-minute plea to the government, urging them to abolish the decision or
TBM Staff - Mumbai
India's outbound tourism market is projected to rise by 11.4 per cent CAGR between 2023 and 2032. The growth in the Indian travel and tourism industry is driven by a combination of rising income levels
TBM Staff - Mumbai
By TBM Staff/Mumbai The Travel Associations have welcomed the government's decision to defer the proposed increase of tax collected at source (TCS) on overseas tour packages from 5% to 20% on amounts up to INR
TBM Staff - Mumbai
The Ministry of Finance said overseas spending using international credit cards will not be included under the Liberalised Remittance Scheme (LRS) and hence, would not attract TCS. Also, the implementation of a higher rate of
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