The Central Board of Direct Taxes ( CBDT ) has relaxed the provisions of TCS under section 206C(1G) of the Income Tax Act, 1961 in respect of non-resident individuals visiting India Section 206C (1G) of the Income Tax Act, 1961 provides for the 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.
Source Taxscan
