From July 1 on, international travel will cost more! Tax at source will increase from 5% to 20%.

According to the declaration made in the Budget 2023, starting on July 1, 2023, the Tax Collected at Source (TCS) rate on international remittances—including reservations for travel packages—will drastically increase…

Continue ReadingFrom July 1 on, international travel will cost more! Tax at source will increase from 5% to 20%.