TCS on Overseas Tour Program Packages Not Applicable to Non-Resident Buyers: CBDT [Read Notification]

TCS - Tour Program Packages - Non-Resident Buyers - CBDT - taxscan

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…

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