IDFC FIRST Bank
Booking international trips can attract 20% TCS (Tax Collected at Source) if the amount crosses ₹7 lakhs.
This tax is completely avoidable. Here's what you need to know about it!
Do not book the trip through a travel agent. If you need a travel agent, choose an international one and keep the cost under ₹7 lakhs.
Book your flights, hotel accommodations and sightseeing separately. Package trips attract TCS!
Ask your friends or relatives living abroad to book your trip and you can pay them instead to save on the TCS liability.
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