5% TCS on purchase of Exchange on Tour package

505 views 2 replies
Under 206C , there is TCS of 5% on purchase value of exchange by the person on a tour package. TCS will be collected by authorised exchange dealer
Replies (2)

Iam not sure this 5 % TCS will apply for "Foreign Education remittance ".

my kid is studying Masters in Germany.

This is applicable from April 1st 2020?

we have already sent 1st year total expenses upfront last year(2019) .

Apart from that,usually me or my wife will add few100's Euro  in to the Thomas cook prepaid travel card once a month.(which can be withdrawn as Euro cash in ATM with out much charge)

But come May2020 we need to send a single large say 9000 euro remittance via bank .

but before that this 5% TCS matter will be clear I hope..

There is no TCS on Foreign Education Remittance. it's only for tour package exchange conversion

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details