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TCS on Outbound Travel ?
Indian Traveller Is Ready to Bear The Extra Burden ?
The proposed rate of TCS on outbound travel will impact a lot on small/middle family member as they their cash flow will impact a lot e.g. if a family take package of Rs. 2 Lakhs each for 4 members it will cost them 2-Lakhs more, so they will avoid their holidays. Not only it will impact Indian people to travel to go abroad for holidays but also it will create parallel channel for remitting the funds illegally
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Dinesh Kumar
Vice Chairman ,ETAA-NI Director ,Inter Airwings