Quick Summary
Central Government relaxes provisions of TCS under section 206C(1G) of the Income-tax Act, 1961 in respect of non-resident individuals visiting India Section 206C (1G) of the Income-tax Act, 1961 (the Act) provides for collection of tax by a seller of an overseas tour programme package from a buyer, being a person purchasing such package, at the rate of 5% of the amount of the package. Representations were received from domestic tour operators who were facing difficulties in collection of
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FAQ :
The Central Government has withdrawn the 5% Tax Collected at Source (TCS) on overseas tour packages for non-resident individuals visiting India.
The TCS was withdrawn to remove difficulties faced by domestic tour operators in collecting tax from non-resident individuals, especially when these individuals may not have a PAN or find it hard to claim refunds.
Both non-resident individuals visiting India who purchase overseas tour packages and domestic tour operators selling these packages benefit from this change.
This change specifically applies to overseas tour packages purchased by non-resident individuals who are visiting India.
The change came into effect with Notification No. 20 of 2022, issued on March 30, 2022.
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