HomeNewsBusinessPersonal FinanceHolidays booked with foreign tour operators escape 20% TCS, but Indian tour operators must collect this tax

Holidays booked with foreign tour operators escape 20% TCS, but Indian tour operators must collect this tax

The 20% Tax Collected at Source (TCS) rule for overseas tour packages seems to have a loophole. Booking such a package with an Indian tour operator attracts TCS right away. With a foreign tour operator, you can escape TCS until international payments on your credit card cross Rs 7 lakh a year.

Maulik

June 05, 2023 / 10:42 IST

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No TCS applicable on overseas tour packages booked with foreign travel agencies.

Maulik

first published: Jun 5, 2023 07:49 am

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Holidays booked with foreign tour operators escape 20% TCS, but Indian tour operators must collect this tax

The 20% Tax Collected at Source (TCS) rule for overseas tour packages seems to have a loophole. Booking such a package with an Indian tour operator attracts TCS right away. With a foreign tour operator, you can escape TCS until international payments on your credit card cross Rs 7 lakh a year.

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