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Tag: TCS

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TAAI appeals to FM for abolishing TCS ahead of its implementation on October 1

TAAI appeals to FM for abolishing TCS ahead of its implementation on October 1

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

Top Stories
Indian outbound to witness CAGR of 11.4%

Indian outbound to witness CAGR of 11.4%

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

Ministry
TCS Rollback: Stakeholders Say Partial Relief

TCS Rollback: Stakeholders Say Partial Relief

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

Ministry
Govt postpones implementation of revised TCS rule to October 1 from July 1

Govt postpones implementation of revised TCS rule to October 1 from July 1

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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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

Top Stories
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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