Is TCS mandatory for travel agents?

What is TCS in tourism?

It means any tour package which offers visit to a country or countries or territory or territories outside India and includes expenses for travel or hotel stay or boarding or lodging or any other expense of similar nature or in relation thereto. 3. WHO IS REQUIRED TO COLLECT TCS?

Who is applicable for TCS?

Where transaction value exceeds Rs 50 lakh and buyer’s turnover exceeds Rs 10 crores in the earlier year, TDS would apply over TCS. For sale transactions involving motor vehicle, tendu leaves, scrap, etc., TCS continues to apply.

Which company is best for travel agent?

10 of The Best Travel Agencies in India That Will Make Trip Planning a Cake Walk For You

  1. Cox and Kings.
  2. Thomas Cook. Thomas Cook has one amazing option that not too many travel companies do justice to fully, foreign exchange. …
  3. SOTC. …
  4. Kesari Tours. …
  5. Club Mahindra Holidays. …
  6. Expedia. …
  7. Yatra. …
  8. Goibibo.

Is TCS applicable on flight tickets?

No. Simple sale of air tickets will not attract TCS unless or until it is a complete package itself. If the person has bought overseas a tour package now but will be travelling after 01.04. 2020.

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Does TCS provide travel allowance?

yes TCS provide this facility. It is not free of cost. But it depends on your project.

How can I pay TCS on tour package?

The TCS so collected by the Tour Operator for sale of overseas tour package needs to be deposited by the tour operator with the Union Government within the prescribed time. The tax so deposited will be available as tax credit to the buyer against this annual income tax liability.

What is TCS tax limit?

Where transaction value exceeds Rs 50 lakh and buyer’s turnover exceeds Rs 10 crores in the earlier year, TDS would apply over TCS. For sale transactions involving motor vehicle, tendu leaves, scrap, etc., TCS continues to apply.

Do travel agents cost money?

The cost of using a travel agent is generally marginal, and oftentimes they won’t charge you at all. Much of their money comes from the hotels and wholesalers they do business with. Before you consult an agent, be sure you first inquire about fees. If you won’t miss the amount, go ahead and proceed.

How can I travel to India for free?

These opportunities for volunteer travel n India are provided by different organizations all over the country.

10 Organisations To Volunteer in India

  1. Spiti Ecosphere, Himachal Pradesh: …
  2. WWOOF India, Uttarakhand. …
  3. Fertile Ground, Assam. …
  4. LHA, Dharamsala. …
  5. Sikkim Homestay. …
  6. CHIRAG, Kumaon, Uttarakhand.