TCS on travel expesnes

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binu sukumaran (Querist)
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08 July 2025 sir.
While preparing book of accounts for audit , it found that there is deduct of TCS (5%) On travel expenses payment . our owners went to aboard for business purpose . Same amount is reflected in our company 26 AS.
Can we deduct this amount while making income tax payment (ITR) .
Please advise
With regards
Binu

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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08 July 2025 Yes, eligible.

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binu sukumaran

binu sukumaran (Querist)
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08 July 2025 sir
Thanks for the replay .
Sir Let's me know TCS is applicable in traveling exp and it is 5%. For just for my knowledge

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Dhirajlal Rambhia online

Dhirajlal Rambhia online

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08 July 2025 As of the current date the Tax Collected at Source (TCS) rates applicable to foreign travel from India, (Finance Act 2025):

Overseas Tour Packages:
Up to ₹10 lakh: A TCS rate of 5% is applicable.
Above ₹10 lakh: A TCS rate of 20% is applicable on the entire amount.

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Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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26 September 2025 Good luck...

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