The Interim Budget 2024 includes the inclusion of increased Tax Collected at Source (TCS) rates on foreign remittances into the Income Tax Act as an amendment. The adjustment is awaiting parliamentary approval and will affect foreign expenditures exceeding Rs 7 lakh annually per individual.
Romanians spent EUR2.5 billion on foreign trips this summer, up 19% from last summer, in line with ZF calculations based on NBR data. The sum is double the one registered in the summer of 2019.
UK sees dented demand for staycations as Britons return to their holidaying habits of enjoying summer trips to the Mediterranean amid affordable flights | Travel