Withdraw income tax on overseas tours, travel agents petition PM Modi

The government introduced five per cent TCS on overseas tour packages with an aim to plug revenue leakag

The Travel Agents Association of India (TAAI) has urged the government to roll back the budget proposal to collect five per cent income tax at source from outbound travellers as this gives unfair advantage to foreign travel firms.

"International online travel companies and foreign tour operators with a base outside India are booking air tickets, hotels and tour packages directly for travellers without collecting any GST or taxes. They shall not even collect income tax at source (TCS). Due to this the business of Indian companies shall be transferred to overseas travel companies by travellers directly resulting in a loss