TBM Staff - Mumbai
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
TBM Staff - Mumbai
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.
TBM Staff - Mumbai
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
TBM Staff - Mumbai
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
TBM Staff - Mumbai
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
TBM Staff - Mumbai
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 The same was earlier withdrawn only
