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TCS ON BUSINESS TRIPS
Iran-Israel war: TCS, Infosys defer trips to Middle East amid rising tensions, issue advisories to employeesIran-Israel war: TCS has suspended all incoming and outgoing travel to and from the Middle East region, including transit routes, citing ai...- More funds for international trips as Union Budget boosts TCS limit for foreign remittancesThe rise in the Tax Collection at Source (TCS) exemption limit on foreign remittances from Rs 7 lakh to Rs 10 lakh will provide extra funds...
- 300% hike in TCS from July 1, 2023: How it will impact foreign investments, international trips, credit card spends abroadGet ready to shell out more from next month as Budget 2023 has increased Tax Collection at Source (TCS) on foreign remittance through the L...
- 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...
- EaseMyTrip eyes ‘significant’ revenue boost from new insurance business, COO Lokendra Saini saysEaseMyTrip, an Indian travel aggregator, expects a significant revenue boost from general insurance business that it is set to roll out. CO...
- You have to pay more for foreign tour packages from July 1, 2023: How to book smartly to save betterIf you are buying a foreign tour package from a travel agent, you have to pay a tax collection at source (TCS) of 20% from July 1, 2023. Bu...
- 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...
- Clarity needed on TCS levy on credit card payments, distinction between biz/personal visits: Tax expertsEY India, National Tax Leader, Sameer Gupta said since the object of the increase in TCS rate on LRS transactions is to address cases of di...
- Credit card forex payments under LRS: You have to pay 20% TCS on these transactions from July 1, 2023Credit card spending in a foreign currency will now be a part of LRS's annual limit of $2,50,000 per person. Further, it will be subject to...
- Govt move to impose 20% TCS on credit card spends abroad leaves holidayers in a fixThe government's decision to include international credit card spends of individuals when they travel overseas under the overall Liberalize...
- Credit card spends in foreign currency to attract 20% TCSThe Finance Ministry has clarified that foreign currency payments such as digital subscriptions to publications or goods bought on foreign ...
- Travelling abroad? Now, pay 20% additional TCS on international credit card spend from July 1Travel industry insiders, already reeling under the impact of the government’s move to hike TCS to 20 per cent on overseas tour packages, s...
- FAITH urges government to withdraw TCS hike imposed on overseas tour packagesFAITH, the industry body, added that the step of raising the TCS has greatly undermined the business prospects of Indian tour operators who...
- 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...
- TCS to expand New Jersey operations, hire 1000 employeesTata Consultancy Services will also grow the reach of its STEM and computer science education programs in New Jersey by 25%, expanding teac...
- TCS to expand New Jersey operations, hire 1,000 employeesTCS has been among the top two US recruiters of IT services talent, hiring more than 21,500 employees in the past five years.
- Travel portals seek clarity on TCS provision under GSTA circular issued in September has created some confusion prompting the industry to seek a clarification from the government.
- Infosys facing problems because of holistic issues: Trip Chowdhry, Global Equities Research"Infosys is just one of the companies which have been having tough problems because of the holistic issues that are facing not just Infosys...
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