TCS on foreign tour packages will come into effect from July 1st. While April 1st comes with a host of new changes in the income tax rules, however, there is another key change awaiting in the mid ...

It's wreaking havoc on India's travel industry as the country ... That means if an Indian traveler books a foreign tour package to Italy for Rs 200,000 ($2,500) through an Indian travel agent ...

buying overseas tour packages from the Indian tour operators will be exempt from TCS provisions. It is not necessary that the foreign tourist should visit India for an onward journey to the ...

India.com Business Desk June 29, 2023 2:52 PM IST It's not only the foreign tour packages that have 20 per cent TCS, this rule also applies to international transactions using credit cards.

have been provided below. Money flowing out of India is being taxed with tax deduction at source added on services like foreign tour packages and remittances as the outgoing funds flow is sought ...

The Indian Association of Tour Operators ... Tour Packages announced in the Union Budget. The letter states that these steps would place the tourism industry at par with foreign tour operators ...

Not only foreign tour packages but 20 per cent TCS rule also ... to include international credit card payments in the LRS. Also WATCH: India’s automobile sector: Insights On Growth, CV ...

In a strong response to Turkey and Azerbaijan for supporting Pakistan in the ongoing conflict, major travel companies have suspended all packages ... of Foreign Affairs described India's airstrike ...

It would be tax collected at source (TCS) on foreign tour packages. In Budget 2023, FM Nirmala Sitharaman announced major changes in TCS for foreign remittances. This will come into effect from ...