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TCS ON FOREIGN TOURS
New income tax rules from April 1, 2026: From HRA relief to new ITR deadlines, key changes explainedNew income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax Act of 2025 replacing the 1961 act....- 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...
- 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 ...
- New TCS rules have kicked in: Here's what gets costlier and what remains sameStarting October 1, 2023, new tax collection at source (TCS) rates will affect various financial transactions, such as international travel...
- 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...
- 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...
- TCS applicable on international remittance for education, medical treatmentThe Indian government has clarified that remittances for education and medical treatment expenses will cover associated costs like internat...
- 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...
- 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...
- 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...
- Credit card payments on foreign tours may be brought under LRS to ensure compliance with TCSThe Union Budget 2023 proposed a TCS for foreign outward remittance under LRS other than for Education and medical purposes of 20 per cent ...
- 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...
- Sending money abroad, foreign investment to cost more: How remittances will be taxed from July 1, 2023Sending money to meet living expenses of students abroad will attract 20% TCS.
- 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...
- Budget proposes hike in TCS on overseas travel, fund remittances out of India to 20%Also, 20 per cent TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out of India under the Liberalised Remittance...
- 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...
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