TCS on Overseas Tour Program Packages Not Applicable to Non-Resident Buyers: CBDT [Read Notification]
![TCS on Overseas Tour Program Packages Not Applicable to Non-Resident Buyers: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/08/TCS-Tour-Program-Packages-Non-Resident-Buyers-CBDT-taxscan.jpeg "TCS on Overseas Tour Program Packages Not Applicable to Non-Resident Buyers: CBDT [Read Notification]")
The Central Board of Direct Taxes (CBDT) has notified that the provisions of section 206C (1G) of the Income Tax Act, 1961 provides for collection of tax by a seller of an overseas tour program package from a buyer, being a person purchasing such package, at the rate of 5% of the amount of the package, shall not applicable to non-residents including companies who do not have...
The Central Board of Direct Taxes (CBDT) has notified that the provisions of section 206C (1G) of the Income Tax Act, 1961 provides for collection of tax by a seller of an overseas tour program package from a buyer, being a person purchasing such package, at the rate of 5% of the amount of the package, shall not applicable to non-residents including companies who do not have permanent establishments in India.
The notification published on Thursday stated that “the Central Government hereby notifies that the provisions of sub-section (1G) of section 206C of the Act shall not apply to a person (being a buyer) who is a non-resident in terms of section 6 of the Act and who does not have a permanent establishment in India.”
The notified amendment is applicable from the date of publication of this notification in the Official Gazette, i.e, 18th August 2022.
To Read the full text of the Notification CLICK HERE
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