Vipul Garg: Hello, everyone. I m Vipul Garg, Vice President, Investor Relations at MakeMytrip Limited, and welcome to our fiscal 24 second quarter earnings webinar.
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"I understand that banks are finding it difficult to calculate the TCS component as the reporting systems are not ready," said Jyoti Mayal, president, Travel Agents Association of India (TAAI) and vice chairperson, Federation of Associations in Indian tourism & Hospitality (FAITH).
"I understand that banks are finding it difficult to calculate the TCS component as the reporting systems are not ready," said Jyoti Mayal, president, Travel Agents Association of India (TAAI) and vice chairperson, Federation of Associations in Indian tourism & Hospitality (FAITH).
The government partially rolled back the 20% tax collected at source (TCS) rule for international spends on credit cards. Now, only those who spend more than Rs 7 lakh will come under the Liberalised Remittance Scheme and be subject to TCS.