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Ahead of WTC games, India search for missing links against gritty AfghanistanIndia faces Afghanistan in a one-off Test, aiming to finalize their batting order and identify a successor for Ravindra Jadeja. With a blen...- Ahead of WTC games, India search for missing links against gritty AfghanistanIn a gripping standalone Test in Mullanpur, India faces off against Afghanistan, marking a pivotal moment for the Indian squad as they seek...
- International travel demand from India drops as West Asia tensions and weak rupee drive up costsIndian summer travel abroad faces higher costs. Tour packages are up 20-25%. West Asia conflict fuels oil prices and airfares. A weaker rup...
- New income-tax act takes effect todayNew tax rules and budget changes begin April 1. Higher taxes on speculative stock trades will curb risky bets. Lower taxes on overseas trav...
- New I-T law, higher securities transaction tax on F&O trade to kick in from April 1New tax laws and budgetary provisions, including higher STT on F&O trades and lower TCS on overseas tour packages and LRS remittances for m...
- Travel industry welcomes measures aimed at boosting tourism, but long-standing demands remainThe Union Budget has welcomed hospitality sector reforms like a National Institute and high-speed rail corridors, alongside a TCS reduction...
- Budget 2026: Lower TCS on overseas tour packages gives relief to travellersThe Union Budget 2026 proposes significant reduction in the Tax Collected at Source (TCS) for overseas tour packages. The TCS rate on inter...
- New 20% TCS rule from October 1, 2023: 4 tips to bring down TCS to zero during your next international trip20% TCS on overseas tour package: When you book, offline or online, overseas tour packages, offline or online, of more than Rs 7 lakh in a ...
- Travel agents' association urges govt to abolish implementation of TCS scheduled for Oct 1The Travel Agents Association of India (TAAI) has appealed to the Indian government to abolish or defer the implementation of the new Tax C...
- Govt should consider lowering TCS on overseas tour packages to increase outbound tourism: ReportThe growth in the Indian travel and tourism industry is driven by a combination of rising income levels and changing lifestyles, developmen...
- No TCS on foreign remittances of up to Rs 7 lakh, credit card spending overseas; higher rates to kick in from October 1TCS on foreign remittances: There will be no tax collection at source (TCS) on foreign remittances of up to Rs 7 lakh per financial year, s...
- Govt clarifies how TCS will be applicable on flight tickets, hotel bookings during international trips, hostel expenses, other foreign remittancesEarlier this week, the ministry said that there will be TCS on foreign remittances of up to Rs 7 lakh per financial year. Further, it also ...
- 3 ways to avoid the 20% TCS on overseas tour packages effective July 1, 2023Starting from July 1, 2023, a tax collected at sources (TCS) of 20 per cent will apply to overseas tour packages. If you are planning to ta...
- Using prepaid forex cards? Still no clarity on 20% TCSAt present, foreign currency and prepaid forex cards up to Rs 7 lakh accessed through these RBI-authorised facilities for international tra...
- Travel industry seeks removal of 20% TCS on overseas packages"The TCS should be completely abolished or should be kept at a notional rate of 0.1% which will still meet the government objective of chec...
- Travel cos urge government to review move to raise TCS on overseas tour packages"We have sent a request to CBDT on March 8 asking them to reconsider this proposal. Besides tour operators, it's going to be a losing propo...
- Budget 2023: Be ready to shell out more for that dream trip abroadThe increase in TCS on overseas tour packages will put domestic operators at a disadvantage, said MakeMyTrip group CEO Rajesh Magow. “It wi...
- Overseas tour packages could get costlier for travellersTravel Agents Association of India (TAAI) president Jyoti Mayal said she was shocked that instead of abolishing it, the government had rais...
- IATO hails govt decision to scrap TCS on sale of overseas tour packages to foreign tour operatorsIATO said a lot of foreigners book overseas tour packages for neighbouring countries like Bhutan, Nepal and Maldives through Indian tour op...
- Centre withdraws 5% TCS on tour package to NRIs visiting IndiaThe Central Board of Direct Taxes (CBDT) has relaxed the provision of Tax Collected at Source of 5% under section 206C(1G) of the Income Ta...
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