Sunday , May 29, 2022 |   15:11:12 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
TP - No transfer pricing adjustment on account of intra group services provided by assessee to its AE is warranted following rule of consistency: ITAT (See 'Breaking News') I-T - Receipts from standby maintenance charges cannot be taxed as FTS, within meaning of section 9(1)(vii) if there is no rendering of services: ITAT (See 'Breaking News') GST - Composite Supply trumps Aspect Theory! 'Marble cake federalism' blossoming in India! (See 'Taxindiaonline') DTAA - If assessee during one year does not opt for tax treaty, it would not be precluded from availing benefits of said treaty in subsequent years: ITAT (See 'Breaking News') I-T - Factual dispute as to refusal of DRP to entertain objections of assessee regarding draft assessment, on ground that final assessment order had been passed, merits examination: HC (See 'Breaking News') I-T - Invocation of Sec 263 can't be said to be without jurisdiction merely because intimation of DIN to order passed u/s 263 was one day after order was passed: HC (See 'Breaking News') TP - Guarantee issued by commercial bank cannot be compared against corporate guarantee issued by holding company to its subsidiary company: ITAT (See 'Breaking News') I-T - Payment by resident Indian distributors to non-resident software suppliers, as consideration for use of software, is not payment of royalty and same does not give rise to any income taxable in India: HC (See 'Breaking News') Foreign Investment Facilitation Portal completes 5 years (See 'TII BREIF') TP - Loss or gain arising on account of abnormal fluctuation or abnormal movement in forward exchange contracts has to be treated as non-operating in nature: ITAT (See 'Breaking News') DTAA - Payment made by Indian subsidiary for use of overall ICT Infrastructure set up by its Netherlands parent entity would fall within term 'Royalties': ITAT (See 'Breaking News') Taxation of Crypto assets in India (See 'TII EDIT') Analysis and impact of SC judgment in Mohit Minerals (See 'Taxindiaonline') TP - What is essential for ascertaining taxability or otherwise of subsidy is to see the purpose for which it was granted: ITAT (See 'Breaking News') I-T - It is mandatory for AO to pass Draft Assessment Order in accordance with procedure laid down u/s 144C - YES: ITAT (See 'Breaking News')
 
TII SEARCH
 
 
   
Home >> News Brief
 

CBDT relaxes provisions of TCS for non-resident visiting India
By TII News Service
Apr 01, 2022 , New Delhi

    

SECTION 206C (1G) of the Income-tax Act, 1961 ("the Act") provides for collection of tax by a seller of an overseas tour programme package from a buyer, being a person purchasing such package, at the rate of 5% of the amount of the package.

Representations were received from domestic tour operators who were facing difficulties in collection of tax from non-resident individuals visiting India who were booking overseas tour package from such domestic tour operators. Since such persons may not have a PAN, tax is required to be collected at higher rates. Further, such non-residents may find it difficult to furnish their ITR and claim refunds.

In order to remove such difficulties, the Central Government, in exercise of powers conferred under section 206C(1G) of the Act, has specified that the provisions of the said section shall not apply to a buyer being an individual who is not a resident in India in terms of clause (1) and clause (1A) of section 6 of the Act and who is visiting India. Hence, a domestic tour operator is not required to collect tax on sale of overseas tour package to non-resident individuals visiting India.

Notification No. 20 of 2022 dated 30.03.2022 has also been issued and is available on www.incometaxindia.gov.in under the Notification Section.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2020 | Privacy Policy | Taxindiainternational.com Pvt.Ltd. All rights reserved.