Business

Travel firms urge govt to defer TCS on overseas trips

Travel firms and operators in India are seeking a deferment of the October 1 deadline for a 20% tax collected at source (TCS) on spending above Rs 7 lakh on overseas tours. They argue that there is no proper mechanism to monitor spending across multiple sources, and that the responsibility for tracking these expenses should lie with the banking system rather than travel operators.

Related Articles

Close
Close