TCS RATE APPLICABLE


This query is : Resolved 

Quick Summary
This discussion clarifies the Tax Collected at Source (TCS) applicable to tour operators. It addresses whether there's a limit on the bill amount for TCS collection and specifies the correct TCS rate to be applied. The advice also covers any distinctions in TCS requirements for outbound versus inbound tours.

01 October 2024 Hello Sir,

Please advise, if there is any limit on bill amount on which we need to collect TCS or whatever the bill amount, TCS should be collected.
Also, advise the rate at which TCS to be levied on a bill.
The above is in reference to tour operators .
Is there any difference if the nature is outbound / inbound tours.
Thanks

01 October 2024 Refer:: https://taxguru.in/income-tax/faqs-tcs-lrs-purchase-overseas-tour-program-package.html

02 October 2024 Thanks for your help, Mr. Rambhia

03 October 2024 You are welcome.


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