Applicability of TCS on Foreign Travel



Quick Summary
New government rules introduced from July 1, 2023, have made foreign travel more expensive due to changes in Tax Collected at Source (TCS). While international credit card transactions now face a 20% TCS, there's an exemption limit of Rs 7 Lakh per person per financial year. This applies to travel, hotel bookings, and general purchases, with potential implications for extensive travellers and the salaried class.

Foreign Travel has always been a Middle-class Indian Family dream and now there is another rule to break the heart of such Indian Families as it is going to get a bit expensive. Recently, the government introduced new rules that made foreign travel expensive but there is a lot of confusion regarding
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