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Domestic travel operators welcome TCS rollback, but say move is a partial relief

The travel industry in India has expressed gratitude for the government s decision to withdraw the increase of tax collected at source (TCS) on overseas tour packages from 5% to 20% on amounts up to ₹7 lakh per annum. However, industry bodies have emphasized that their long-standing demand of reducing the TCS percentage to 2.5% remains unmet. ....

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